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Britain’s real economic pain starts today. Overnight, the cost of living has jumped once again: energy, water, broadband, public transport, TV licences – all up. So too are council tax bills, capital gains, and vehicle taxes. And that’s before we even get to the slow stealth march of fiscal drag and the impact of World Tariff Day which could wipe out Rachel Reeve's newly restored headroom. Jonathan Reynolds was the unlucky minister on the broadcast round this morning trying to defend this increasingly bleak picture, is there any good news? #bills #inflation #britain // SUBSCRIBE TO THE SPECTATOR Get 12 issues for £12, plus a free £20 John Lewis/Waitrose voucher https://www.spectator.co.uk/tvoffer // FREE PODCASTS FROM THE SPECTATOR Hear more from The Spectator's journalists on their podcasts, covering everything from the politics of the UK, US and China, to religion, literature, lifestyle and more. https://www.spectator.co.uk/podcasts/ // FOLLOW US / spectator / officialspectator / the-spectator / spectator1828 / thespectatormagazine