Try using a microwave instead of a hob for cooking – it is more energy efficient
(Picture: (Stefan Rousseau/PA Wire))The Bank of England raised UK interest rates to 2.25 per cent on Thursday, the highest level in 14 years, and said it expected growth this quarter to be 0.1 per cent, which after a similar contraction in the quarter to June would mean the UK is now in a recession.
The rise in interest rates was prompted by very high inflation, which reached 9.9 per cent in August. The rapidly rising prices that are causing inflation are eroding households’ spending power. Furthermore, the hike in the energy price cap from October 1 to £2,500 will also hit people’s budgets.
