Money-saving expert Martin Lewis has revealed how minimum wage workers could be at risk of being underpaid.
30.03.2023 - 12:57 / manchestereveningnews.co.uk
Energy companies seem to be making a move towards fixed energy tariffs to allow cheaper options for consumers.
However, Money Saving Expert Martin Lewis has warned that it might not be as good as it seems on the surface. OVO recently announced a new energy tariff of a one-year fixed rate of £2,275 based on typical dual-fuel use.
This makes it £225 cheaper than the government's Energy Price Guarantee which is capped at £2,500 until July. While it is the first new tariff of its kind to enter the market since last year, Mr Lewis has advised customers to think carefully about their options before they sign up.
Read more: Five things to do before the end of the tax year, according to a money expert
Speaking on his podcast, Mr Lewis said: "There is currently only one fix available on the market, it's from OVO, it's only for existing customers unless you go and were already signed up to the email from Moneysupermarket before it launched this which is about 200,000 people and then new customers can get it too. But you can't join that unless you were in advance so this isn't a recommendation for that, it just means that if you have the facility you have more choice even if you're not an OVO customer.
"So, to explain this, the most important way I can do that is to talk to you about what's going to happen to energy prices if you don't fix. And what we know and what we don't know and what we predict so far."
He added: "So, what we now know is the energy price guarantee won't rise in April - that was cancelled in the Budget - so prices are going to remain roughly as they are now until July which is when the following price cap mechanism comes into place. Now there will be slight moves - the standing charges going up a bit, the
Money-saving expert Martin Lewis has revealed how minimum wage workers could be at risk of being underpaid.
Paul O’Grady’s cause of death was sudden cardiac arrhythmia, his death certificate states. The broadcasting legend, who presented programmes including The Paul O’Grady Show, Blankety Blank and For The Love Of Dogs, died "unexpectedly but peacefully" at the age of 67. His death certificate has confirmed how Paul died, listing sudden cardiac arrhythmia – which was linked to heart disease – as the cause.
Hundreds of thousands of workers could be missing out on a pay increase after the minimum wage rose by nearly 10 percent last week.
If you're up for a challenge to finish off your week, why not try this tricky brain teaser which features one cat with a missing tail?
Some friendly competition is a surefire way to kick off the weekend and this Friday's pub quiz is the perfect opportunity.
Money-saving expert Martin Lewis is urging married couples to check if they can apply for their Marriage Tax Allowance and saving some money in the process.
Amazon's mammoth 2023 Spring Sale may officially be over, but there are still a few major savings that are still available that shoppers can snap up across various products.
it was announced he'd sadly passed away on 28 March. Paul, famed for hosting shows such as The Paul O’Grady Show, Blankety Blank and For The Love Of Dogs, "unexpectedly but peacefully" died on Tuesday, his partner Andre Portasio announced in a statement. Fans and fellow famous faces have flocked to social media to pay tribute to the late star, with the likes of Lorraine Kelly and Martin Lewis leading tributes.
The Money Saving Expert website has officially named the best chocolate Easter egg for 2023 - and the winner beat out big name brands such as Lindt and Thorntons.
Numerous celebrities have shared heartfelt tributes to late TV presenter Paul O'Grady after it was announced he'd sadly passed away on 28 March. Paul, famed for hosting shows such as The Paul O’Grady Show, Blankety Blank and For The Love Of Dogs, "unexpectedly but peacefully" died on Tuesday, his partner Andre Portasio announced in a statement. Fans and fellow famous faces have flocked to social media to pay tribute to the late star, with the likes of Lorraine Kelly and Martin Lewis leading tributes.
The RAC has warned that people who fill their cars up with diesel could be paying far more at the pumps than they should. Diesel is being sold for around 17p a litre more on average than petrol at forecourts across the UK - despite wholesale prices for both fuels being virtually identical.
An unbelievable property which most would considered to be their dream home has come up for sale - and despite its LA-style appearance it is actually located in Greater Manchester.
Martin Lewis has issued a warning to anyone in the UK who is paying council tax. The founder of Money Saving Expert has urged everyone to check their council tax band as he says up to 400,000 people are in the wrong band.
Martin Lewis says he won't be re-applying to become a member of the House of Lords after his application to become a crossbench peer was turned down last year. The Money Saving Expert founder believed he may have been rejected as he couldn’t commit the time required for the role.
Martin Lewis has startled fans as his innocent question left them in stitches. The Money Saving Expert took to his social media to ask his 2.1 million followers a question on how they tend to eat a piece of chocolate.
Good Morning Britain has finally found its replacement for Piers Morgan two years after he quit the show following a row about his comments about Meghan Markle. Since his abrupt exit, Susanna Reid has been joined by a variety of co-stars including Richard Madeley, Adil Ray and Ed Balls.
Martin Lewis is set to become a regular co-host on ITV’s Good Morning Britain.The 50-year-old financial journalist and consumer champion will join the weekday breakfast show on various Wednesdays across the year, alongside the show’s long-term presenter Susanna Reid. Speaking about his appointment, Lewis said: “To have the ability to hold politicians to account over the cost of living is a privilege and a responsibility.
Martin Lewis has signed as a regular co-host on the ITV show after Piers Morgan infamously stormed off and subsequently quit. The award winner journalist and broadcaster has will kick off his new role with a tax year end special on Wednesday 29th March at 6am on ITV1 and ITVX. Martin will present alongside Susanna Reid on various Wednesdays this year after stepping into the role of co-host several times since Piers departed GMB.
Martin Lewis is urging the millions of people in the UK who receive a regular payslip to check it straight away as they could have lost out on thousands.
Martin Lewis is urging households up and down the country to check if they are eligible for a Council Tax discount before the new financial year begins on April 6. While Council Tax band evaluations differ in Scotland, England and Wales, the various ways to qualify for a discount are mostly the same.