The cost of living crisis will take a new turn in October as bills go up again, but more government support starts to arrive. Energy bills will go up from Saturday, October 1 - although the average has been capped at £2,500 a year.
There could be an emergency meeting of the Bank of England, which may see hundreds of pounds added to mortgages and other debts. The Bank of England has been raising interest rates as part of its plans to lower inflation, with its base rate currently set at 2.25%, reports The Mirror.
Analysts are predicted interest rates could now hit 6% next year. At the same time interest rates are going up, making everything more expensive to buy.
