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Retired electrical design engineer Paul Taylor is not a big spender. A 74-year-old based near Sheffield, he’s already been cutting down on his outgoings over the past 18 months to deal with rising prices.

Retired electrical design engineer Paul Taylor is not a big spender. A 74-year-old based near Sheffield, he’s already been cutting down on his outgoings over the past 18 months to deal with rising prices.