Money Saving Expert Martin Lewis has issued a warning to millions of people who have a British passport. The ITV This Morning Expert says people need to be aware of 'hidden' fees when renewing their passport.
30.03.2022 - 11:51 / manchestereveningnews.co.uk
Martin Lewis has beckoned people to look closely at the fixed rates on offer as the cost of living crisis spirals. The energy price cap will rise to £1,971 a year for the average household this Friday (April 1).
Ahead of the increase, the Money Saving Expert joined Susanna Reid on Good Morning Britain on Wednesday (30 March) for a cost of living special. There, he took calls and questions from viewers at home, who explained their concerns about the upcoming energy price hike.
One viewer questioned whether they should stay on the energy price cap or look for a fixed rate. "The cheapest fix right now on the market is £2,880, which is actually more than the prediction of the October price cap (currently at £2490+) so it isn't worth getting a fix today. It's just not worth it," Martin said.
READ MORE: Cost of living calculator: Find out how much you'll be paying for National Insurance
"Stick on the price cap. What you do need to watch out for is though, does your firm - because there are no open market ones here, comparison sites are gone for the minute - ever offer you a much cheaper fix deal."
Susanna admitted it sounds very complicated for those who are not finance experts like himself, so Martin simply explained what people could do in order to secure what he believes would be the best deal. "If it was to offer you a fix around 20 per cent higher than the April price cap (£1971 a year on typical use) then I would probably consider fixing for more price certainty though I can't promise it will work," he added.
However, he did warn things could change, as he added: "So that's the line we're on right now, the cheapest fixes are far more than we think it will be in October, but this could all change because it's changing
Money Saving Expert Martin Lewis has issued a warning to millions of people who have a British passport. The ITV This Morning Expert says people need to be aware of 'hidden' fees when renewing their passport.
Amid rising cost of living prices in the UK, houses across the country are doing whatever they can to save money on bills. With energy costs rising, heating our homes has become increasingly expensive, with many taking money-saving tips wherever they can to lower their bills this spring. Money Saving Expert Martin Lewis has now been praised after shoppers discovered a £35 SpecialBuy bargain from Aldi which will help to keep you warm for as little as 4p a week.
Money Saving Expert Martin Lewis has issued four ways you can stay warm all week without turning the heating on now energy bills have risen.
A strange conspiracy theory has been making its rounds on social media, leading to Money Saving Expert founder Martin Lewis to publicly debunk it.
Martin Lewis has revealed how to find out what the cheapest petrol in your area is. The Money Saving Expert guru, who recently advised Brits on what to do ahead of energy bills increasing, is known for being the journalist to go to for the best ways to save pennies, and now the UK needs it more than ever. The 49 year old's latest tips and tricks come in the wake of the country's biggest cost crisis since the 1970s, with fuel prices increasing every day and utility bills skyrocketing.
Sky customers could save almost £500 a year thanks to a tip shared by Martin Lewis.
Martin Lewis has been the name on everyone's lips this week.
Money Saving Expert founder Martin Lewis has warned people not to break the law ahead of gas and electric bill increases after fans questioned him about their meter readings. From April 1 households all across the UK will see a sharp increase in their energy bills, but there are ways to mitigate the sharp costs.
Martin Lewis' frustration was clear to see as he appeared on This Morning on Thursday. It comes after a heavy TV and radio presence from the Money Saving Expert founder ahead of energy prices rocketing on Friday (April 1).
Energy company E.On has blamed the Money Saving Expert Martin Lewis for the industry-wide website crashes that are occurring ahead of the energy price cap increase tomorrow. E.On's said on Twitter that 'Martin has once again created unprecedented demand bringing down Britain'.'
As energy bills are set to soar even further as the cost of living crisis continues to pinch it can feel daunting to consider the arrival of your next bill. Next month, energy prices will increase by around 50% across the board affecting every user in the UK. Most energy firms are increasing their standard tariffs to the maximum allowed by the Ofgem price cap - £1,971 - from April 1.
The Money Savings Expert has shared a handy tip which could help people with prepayment energy metres save money. It comes as the energy price cap is due to rise on Friday (April 1) by 54 percent.
If you're paying your energy bills using a direct debit, then Martin Lewis is here with a warning ahead of the price hike.The Money Saving Expert founder has received a surged of questions from worried bill payers ahead of the price rise, which will see most bills rise by £693 from April 1. Martin, who donated £50,000 out of his own pocket after a This Morning phone-in, has been urging the government to do more to help people ahead of the rise, as well as providing a huge amount of advice for those in need. And he recent took to Twitter to address a question most have regarding their energy bills.
Money Saving Expert Martin Lewis has issued a warning to anyone who uses direct debit to pay for their heating bills.