Why Your Energy Bill May Push Prices Up Across the UK

Rising energy bills are expected to push up the cost of living in the UK. Economists think prices rose 2.9% in July, up from 2.6% in June, with figures due 19 August. A 13% increase in the energy price cap lifted average yearly bills to £1,862. The Bank of England may raise interest rates — what banks charge to lend — as early as September.