TV presenter Chris Bavin supporting households in energy startegy

As the cost of living continues to rise, we are becoming more mindful of our outgoings. In fact, 42% are now monitoring spend more than ever before, according to new research from Nationwide Building Society.

At home, we are turning off lights (47%), turning down the heating (40%), and only having it on for a few hours each day (31%) to afford rising bills. Almost three in ten (29%) are going to turn the heating off altogether – even if it is cold – while 49% are thinking of switching tariffs** in search of a better deal.

This research, which highlights the fact that two thirds of households are having to make major changes to their spending for the first time ever, provides further compelling evidence of the extent to which this cost-of-living crisis is unfolding.

Following this, Nationwide Building Society is calling for government to do more than what was outlined in its new energy strategy, as it says there is no significant funding to make homes more energy efficient.

Freya spoke to TV presenter Chris Bavin and Claire Tracey, chief sustainability officer at Nationwide.

Photo by Sies Kranen on Unsplash