Martin Lewis 'Money Saving Expert says you can immediately get £90 off your shopping in Sainsbury's, Morrisons and Iceland using his tip. He said it's easy to do - and well worth trying if you haven't already.
02.05.2022 - 21:07 / manchestereveningnews.co.uk
Money Saving Expert Martin Lewis says there's a 'magic number' anybody who pays bills needs to know about. Martin, who regularly appears on ITV's This Morning,
In a video posted online the financial journalist said "timing is crucial" as things change regularly. Martin added: "The current price cap for someone who is dual-fuel, which is typical use, is £1,971 a year. That went up massively on the 1 of April and that's where it sits right now. That will last until the beginning of October."
The October price cap is based on wholesale rates that energy firms pay between the start of February and the end of July, Yorkshire Live reports. Brits are currently halfway through that period so Martin has predicted what will happen this year.
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Using Cornwall Insight for his research the broadcaster thinks there will be another rise of 32%. He said this will take the price cap of someone with typical use to around £2,600.
"As we're halfway through the period, there's very little chance that we're going to see prices drop in October," the money guru continued. "If you can find a fix that is no more than 17% higher than the rate you're currently paying on the price cap, then that's worth doing. Having said that, I think a fix does have the merit of price certainty, it's effectively a cap in its own right but the cap lasts longer."
Cornwall Insight suggests we'll see a 12% drop from the October price cap in April next year. Martin, who founded MoneySavingExpert.com, said: "I'd suggest as a rough rule of thumb although the maths shows 17%, if you can find a fix at no more than 25% higher than the current price cap rate and you value
Martin Lewis 'Money Saving Expert says you can immediately get £90 off your shopping in Sainsbury's, Morrisons and Iceland using his tip. He said it's easy to do - and well worth trying if you haven't already.
Martin Lewis has waded in with his thoughts on The Games as viewers continue to be left divided over the format. Viewers are now three days in to the ITV show which sees 12 celebs pushed out of their comfort zones and competing in Olympic-style events.
Martin Lewis gave his opinion on new ITV series The Games on Wednesday night.Taking to Twitter, the money saving expert, 50, claimed that the show needed "more focus on events" and "less chat" in the studio. Martin also joked that if he was "ten years younger" then he would have wanted to have been a contestant on The Games.The TV star tweeted: "I am enjoying #TheGames- I love this type of thing (if I were 10 years younger and had more time I'd have wanted to be in it).
Money Saving Expert Martin Lewis says households in the UK could knock thousands off their bills - if they act now. The ITV presenter has warned that homeowners should check their mortgage immediately.
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The Sun, Stephanie - who is daughter of the multi-millionaire president of Leeds Rhinos - looked casual in an oversized red hoodie and some patterned leggings. Stephanie went makeup-free for the stroll and tied her hair back from her face in a messy bun.
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Martin Lewis has replaced Richard Madeley on Good Morning Britain for the first show of the week. On Monday 9 May the 65 year old was replaced by the financial journalist who appeared alongside Susanna Reid, which ITV viewers were delighted to see. The Money Saving Expert took the opportunity to discuss the latest changes to the cost of living as well as university fees and viewers rushed to Twitter to praise the switch-up.
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Martin Lewis has issued a number of tips and warnings to those planning to travel in the coming months. After missing out on holidays for two years, thousands of Brits are preparing to jet off this summer, but there's a number of things you should consider before heading anywhere.
Martin Lewis' Money Saving Expert website plans to release the results of a huge survey after energy companies were accused of taking more money than they need from customers. It comes as energy regulator Ofgem revealed it had issued 'Compliance Reviews' to several energy firms.
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