From the upcoming rise in tube fares to the imminent Spring Statement, we have compiled a list of all the financial adjustments taking place in March.
Several crucial energy assistance programs for this winter, such as Winter Fuel Payments and Cold Weather Payments, are approaching their end. Additionally, the Household Support Fund scheme is nearing expiration. Furthermore, we have detailed the schedule for the next Bank of England interest rates and inflation announcements scheduled for March.
London Underground passengers will face increased fares starting March 1, with peak pay-as-you-go fares in Zone 1 set to go up from £2.90 to £3.10. Fares on the Piccadilly line from Zone 1 to Heathrow will also see an increase from £5.80 to £5.90, and DLR and London Overground fares will rise as well.
Bus and tram fares in London will remain unchanged until July 5, 2026, while pay-as-you-go caps and Travelcard prices will be frozen until 2027.
Rachel Reeves is slated to deliver her Spring Statement to Parliament on March 3, expected to be a more subdued event without major tax or policy modifications, as the Chancellor has committed to a single fiscal event per year, the Budget.
The Bank of England is set to announce its next interest rates on March 19, with the current base rate at 3.75%. Subsequently, the Office for National Statistics will release the latest inflation data on March 25, offering insights into price changes over time.
The Household Support Fund is due to conclude on March 31, to be succeeded by the new Crisis and Resilience Fund launching in April 2026. Similarly, the deadline to claim Winter Fuel Payment is March 31, with payments up to £300 for those over state pension age.
The Warm Home Discount scheme will close on March 31, offering a £150 reduction on electricity bills. The Cold Weather Payment scheme will also end on the same date, providing a £25 payment for qualifying individuals in cold weather conditions.
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