Key Financial Dates and Changes to Affect UK Consumers in Early 2026
On 1 January 2026, the energy price cap will rise by 0.2% for the typical dual-fuel bill to about £1,758, applying to direct debit customers, while prepayment and arrears caps will differ. From the same date, crypto investments will face increased paperwork requirements as HMRC will demand tax details, including National Insurance numbers, from providers, with gains needing to be declared.
On 21 January 2026, December inflation is expected to fall to 3.2% (ONS CPI). By 31 January, the deadline for 2024-25 self-assessment tax returns arrives, and energy suppliers will be required to offer tariffs with low standing charges, although some tariffs might have higher unit charges as noted by Ofgem.
On 1 February 2026, alcohol duty will increase by 3.66% in line with the RPI, affecting prices by approximately 10p on a bottle of white wine, 39p on a 40% ABV whisky, and 6p on a four-pack of lager.
The Bank of England's first rate decision of the year will take place on 5 February 2026, following the base rate ending 2025 at 3.75%; Governor Bailey has said future cuts would be a closer call.
On 1 March 2026, regulated rail fares in England will be frozen; however, some commuters, such as those in Canterbury, could face an annual season ticket rise over £400 to £8,929. London fares are expected to increase by 5.8%, but about half of fares remain unregulated.
The second Bank of England rate decision is on 19 March 2026, with some forecasters predicting two cuts during the year. Also, the limit on contactless spending will be scrapped, allowing providers to set their own limits while customers may opt for lower limits.
The Household Support Fund, which has aided councils since 2021, will end on 31 March 2026.
From 1 April 2026, the National Living Wage will increase by 4.1% to £12.71, with the minimum wage for 18–20-year-olds rising by 8.5% to £10.85 and apprentices' rate up 6% to £8. NHS prescription charges in England will remain at £9.90, the TV licence fee will rise to just over £181, energy bills are expected to fall by around £138, and Vehicle Excise Duty will increase in line with RPI.
