Energy bills are continuing to sky rocket and many householders will be wondering how they can afford to pay their gas and electricity bills. Latest predictions forecast that annul bills could reach £4,266 in January.
26.07.2022 - 17:27 / dailyrecord.co.uk
Money-saving guru Martin Lewis has come to the rescue of Amazon Prime subscribers with a handy tip that could help them avoid a rise in their subscription fees.
The money journalist and founder of MoneySavingExpert.com took to social media to share a quick video which explains how Prime members can avoid the £1 monthly payment increase that comes into effect from September 15.
His video comes after the online delivery giant recently announced there would be an increase in membership fees for all UK customers, due to "inflation and increased operation costs."
From September 15, the Prime delivery and streaming service fees will rise from £7.99 to £8.99 per month, with annual memberships increasing from £79 to £95 per year.
And for anyone who is considering cancelling their membership, due to the recent rise in costs, Martin Lewis has explained how they can stall the cost by simply changing their membership.
Taking to his official Instagram account, Lewis explains that simply changing your membership package can help you stick with the current £79, instead of the increased £95.
Martin has told monthly paying members to switch to the annual package now as it will stall the rise and 'lock in' at the fixed £79 for the 12 months.
He also urges annual paying members whose subscription is due to renew just after the September 15 deadline to cancel just beforehand, before getting a new subscription for £79.
He says: "If you currently pay monthly, and you want to keep it, then the best thing you can do, provided you can afford it, is convert now to the annual package, and then you lock in at £79 for the next year for stalling the rise.
"If you are an annual payer, it is more difficult. If you're subscription is due to renew in the few
Energy bills are continuing to sky rocket and many householders will be wondering how they can afford to pay their gas and electricity bills. Latest predictions forecast that annul bills could reach £4,266 in January.
The energy price cap is currently £1,971 per year on typical use for England, Scotland, and Wales. This is due to rise around 70% in October, the details of which will be announced at the end of August.
Three, Giffgaff, Sky, BT and more have said they offer customers a fair data roaming deal despite a damning report from Martin Lewis which suggests many holidaymakers are being caught out by charges.
Earlier this week, Martin Lewis urged the UK Government to take action now to help millions of households across the country cope with the surging cost of energy bills following the latest forecast from Cornwall Insight that the price cap will hit £4,266 by January. He described the upcoming rise as a “national crisis” on par with the coronavirus pandemic and said that millions of households will simply not be able to afford it.
Money Saving Expert founder Martin Lewis is warning of another energy bill increase that could add extra strain on families’ budgets during the cost of living crisis. Martin shared his warning on Good Morning Britain saying: “Based on the current prediction, which is likely to be right with a very small margin of error, is this - for every £100 direct debit you currently pay, you will be paying £181 and in January £215.” Martin's warning follows prognosis from Cornwall Insight - who provides independent analysis to businesses in the energy market - that bills will rise to approximately £3,582 in October. Another rise is expected in the New Year to £4,266.
An energy boss has called for the government to do more to help customers struggling with the cost of living crisis.
Martin Lewis has taken aim at Liz Truss's tax cutting plans to help solve the current cost-of-living crisis saying it could leave millions "endangered this winter". The money saving expert issued a dire warning to households already struggling to pay their bills that it is about to get a lot worse in the coming months.
Martin Lewis has demanded 'action and planning now' from the UK Government over the skyrocketing energy bills after new analysis suggested they are likely to hit £4,200 for some households in January.
A warning has been issued by Ofgem after campaigners have encouraged people to not pay their energy bills. Don't Pay UK is driving households to stop paying their bills from October 1 if there is no intervention amid the rising costs.
Having spent five years working alongside money saving expert Martin Lewis, former CBBC host Angellica Bell knows more than a thing or two about money-saving – and she's now shared her top tips with OK! readers. In 2017, Angellica joined Martin Lewis on his eponymous money saving show as a co-presenter and since then the pair have been providing many up and down the country with their best money saving tips and hacks.The Martin Lewis Money Show finished its 11th series earlier this year, though co-presenter Angellica believes it’s probably been relevant for many now more than ever. She told OK!: “It's been vital for people at this time, especially now as we're coming into the cost of living crisis where people are suffering with anxiety.” Throughout her time on the show, Angellica has seen Martin face many questions to do with money saving and it taught her a lot.
A woman was left 'gobsmacked' by the actions of a shopper who was stood behind her in the queue from the checkout. She was left in tears following the experience at her local ASDA in Middleton., and says she cried the entire way home.
Martin Lewis' website Money Saving Expert has shared a bleak warning to all bill-paying adults. The Money Saving Expert website says people need to brace themselves for yet another financial hit.
Tesco Clubcard holders have been issued an urgent warning that they have just weeks to cash in on thousands of vouchers before they expire.
Martin Lewis is urging households to start budgeting now before energy bills rise again this winter.The consumer champion issued the alert ahead of the October price hike and warned everyone to do this vital check in a Facebook live Q&A.To reduce the impact Martin said: "If your direct debit goes up in advance, it's actually not the worst thing because it will help spread the cost even though you might not like it. "It's going to be horrendous and I hope that when a new Prime Minister comes in place, the current sort of freeze on policy making ends on that day, on September 5." The money expert said forward planning is key and it's important to acknowledge the hit to our pockets now.
The Money Saving Expert Martin Lewis has issued easy advice to families to potentially save hundreds of pounds through their bank accounts if they own a mobile phone, a car, or go on holidays. The guru, known for giving people various tips on ways to save their cash, issued his latest advice on his website.
Martin Lewis has shared a genius hack that helps Amazon subscribers dodge the Prime price hike, but customers must act fast. On Tuesday 26 July, online giant Amazon emailed its Prime customers to alert them to an increase in the cost of its memberships for both monthly and annual users. The announcement sparked controversy amongst its customers and comes amid the ongoing cost-of-living crisis which has seen the monthly price rise from £7.99 to £8.99 a month, and the annual membership from £79 to £95.
Earlier today, online giant Amazon issued an email to its Prime customers that caused a furious uproar. In the email, Amazon said that it would be increasing the cost of its Prime membership for both monthly and annual users.
NatWest said consumers should be aware that some products appearing to be advertised by a celebrity might be "too good to be true". Ms Willoughby and her This Morning co-presenter Philip Schofield jointly topped NatWest's league table of famous people exploited in scams. One customer of the bank transferred over £370,000 to a fraudster as part of a cryptocurrency investment scam which purported to be the pair - but they actually had no involvement whatsoever.