Brits could be left out of pocket with controversial change that will affect all of us in April

While many of us are already dreading the thought of being broke in January, it seems the cost of living won't be easing up next year either.

Based on the Consumer Prices Index (CPI) inflation figure from October to September 2024 of 2.96 per cent, the Government has made a decision in regard to TV licence fees.

The government has announced the costly change (Getty Stock Images)

For anyone with a television who should be paying an annual TV licence fee, the prices will be going up - yet again - next year.

The fee is set to increase from £169.50 to £174.50 next April, a change of £5, or 2.9 per cent.

This means that the BBC now has funding until 2027, when another review will take place.

With another two years guaranteed for the broadcaster, the government is said to be sticking with the same format, in line with inflation.

A BBC spokesperson said: "We welcome confirmation that the licence fee will increase in line with inflation next year.

Looks like your bills will be going up again next year (Getty Stock Images)

"We want everyone to get value from the licence fee and we are committed to delivering trusted news, the best homegrown storytelling and those special moments that bring us together.

"We also look forward to the debate about the future and working with the Government to ensure sustainable, long-term public funding.

"As part of these discussions we will run our biggest ever public engagement exercise in 2025 so that audiences are at the heart of shaping our future."

Culture Secretary Lisa Nandy added: "The BBC provides much-needed programming for households across the country, including children's education, world-class entertainment and trusted news for all people in all parts of the UK.

"I want to see it thrive for decades to come.

If you watch TV in the UK you must have a TV licence (Getty Stock Images)

"Through the Charter Review, we will have an honest national conversation about the broadcaster's long-term future, ensuring the BBC has a sustainable public funding model that supports its vital work but is also fair and responsive to those who pay for it.

"In the short term, we are providing the BBC with funding certainty, while supporting thousands more households facing financial hardship to spread the cost of a TV licence."

It comes after Prime Minister Sir Keir Starmer said in July that his Government is 'committed to the BBC and we are committed to the licensing arrangements'.

The current set up for the BBC will be guaranteed until at least 31 December, 2027, when a new royal charter will come in to play.

LADbible Group has contacted the BBC for additional comment.