Steph McGovern

So, you know, we saw...

The price of energy for not well, this is where it gets complicated, isn't it?

We're not saying people's bills have necessarily come down.

It's that the fact that they're not paying as much as they could have been had they not been the cap.

Yeah, it really does.

So even though you might have seen this week headlines suggesting things are easing on the cost of living front, they're not.

For a start, inflation is still going up above the Bank of England's target of 2%.

It came out at 2.8%.

But it still means the cost of living is going up.

And as you said, as soon as this energy price cap changes again in July... It's going to go up by 200 or 300 quid at least.

And so there's going to be a lot of pressure.

So that's still because, you know, there's a lot of conversation around this again about what happens with interest rates.

What are the Bank of England going to do?

And I've been looking at mortgage costs recently, which it's really fascinating what's happening with mortgage costs, because obviously, as things stand, no one has changed.

No central banks have changed their interest rates yet.

But.

People are pricing it in.

The lenders are trying to price it in.

So if you look at what has happened with mortgage costs, it is across Europe and North America they have risen sharply.

Yeah, yeah.