Martin Lewis has made an urgent plea to the government and future prime minister as households prepare to brace for the increased energy price cap in winter.
10.08.2022 - 11:19 / dailyrecord.co.uk
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.
Truss announced last week that she would stop so-called "handouts" to households across the country, and instead said she would cut tax. In a new dire outlook for households, Cornwall Insight said bills are set to soar to around £3,582 in October, from £1,971 on Tuesday, before rising even further in the new year.
Lewis told the BBC's Today programme: "Tax cuts will not help the millions of the poorest in society who are making the choice between eating and eating. It will just not help them because they don't pay tax.
"State pensioners, the new energy price cap on typical use, and many pensioners have higher than typical use, is going to be 45 per cent of the current state pension and more of the older form of the state pension. 45 per cent.
"This is not a mortgage, this is not rent. This is just energy bills and tax cuts is not going to help the poorest pensioners. It's not going to help those on Universal Credit and dropping the Green Levy is a sticking plaster on a gaping wound.
"It's a £150 - we're talking a year-on-year - rise here. By the time you get to January, over 18 months, some people will see their bills go from £800 to £4,200 on the same use.
"This is a national crisis on the scale that we saw in the pandemic. We are currently in that position where we are watching the beds in European hospitals and doing nothing about it.
"We need to get firm decisions coming from the key parties. If it is just
Martin Lewis has made an urgent plea to the government and future prime minister as households prepare to brace for the increased energy price cap in winter.
Martin Lewis has called the new energy price cap "devastating" and has warned that "lives will be lost", as rising costs will put vulnerable people at risk.
The UK’s cost of living crisis is getting worse with many expert warnings about rising bills leaving many worrying about how they will survive the next few months. With autumn and winter approaching many are fearful of a hike in bills and in particular energy bills as they look at how they will keep their homes warm in the colder months.There have been warnings of energy bills surpassing £5,000 next April, according to a recent shock forecast.
As energy costs continue to soar with Autumn fast approaching leading to a drop in temperatures across the country, keeping tabs on your usage is more crucial than ever. Over the last few months, Martin Lewis has warned Brits about the surge in electricity and gas prices, leading to a cost of living crisis that is only bound to get worse once winter arrives.There have been warnings of energy bills surpassing £5,000 next April, according to a recent shock forecast. With many people worried about how they are going to pay their bills it's important to try and reduce energy usage as much as possible.
daughter along with adorable pictures of the new arrival. Chloe wrote: "Our daughter, Bodhi Rae Georgia Haskell. Read more: Piers Morgan trolled after 'flying 5,500 miles' and missing England Test match "Born 10.
Household energy bills continue to soar as Ofgem increases the price cap once again. Which is why Martin Lewis, the man behind the Money Saving Expert, is urging bill payers to look into fixed tariffs as it may work out cheaper, including for Octopus Energy customers.
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.
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.
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.