Martin Lewis left Good Morning Britain viewers in shock on by revealing on air that he would donate £100,000 of his own cash to a financial advice charity.The Money Saving Expert, who guest hosted the show to help guide its viewers through the cost of living crisis, said he would offer 10per cent of the money charity Money Buddies needs to continue offering financial advice to those struggling with their energy bills. Along with donating his own money, Martin also encouraged any viewers that were in a privileged position to viewers to help if they were able to spare any cash.This comes after Prime Minister Liz Truss announced last week there would be a cap on energy bills to limit soaring costs and inflation.
Martin Lewis' worrying energy price forecast for the next year in urgent plea to government
26.08.2022 - 15:07 / manchestereveningnews.co.uk
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.
Ofgem confirmed the energy price cap will rise by 80%, propelling it from £1,971 to £3,549 annually from October 1. The cap will affect around 24 million households in England, Scotland, and Wales on default energy tariffs. Furthermore, 4.5 million pre-payment meter customers will see an even higher increase to £3,608.
It has led to increasing concerns about the impact on many vulnerable and struggling households who are already finding financial difficulty with the worsening cost of living crisis sweeping the UK. In response to the news, Mr Lewis broke down why the government must do more to help the most vulnerable households.
Read more: What happens if you are struggling to pay energy bills and can't afford price cap
Writing on Twitter, he said: "In May the govt announced an up to £1,200 for vulnerable homes (£400 for all homes) package of energy help, based on a predicted 42% rise in the energy price cap in October (taking a typical bill to £2,800). Crucially this was to cover the 6 monthly Oct to Apr cap.
"Ofgem then changes the rules so price caps would only be 3 months long (to protect energy retailers cash flows to stop em going bust - we objected in our consultation response). The actual 1 Oct rise is now crystallised at 80%, taking a typical direct debit bill to £3,549 a year.
"In January a further 41% rise is predicted by @CornwallInsight taking a typical bill to £5,386 a year. The Jan prediction is likely in the right ballpark as we are 7 months through the 10 month assessment period.
"This means while the help announced in May was based on a rise
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manchestereveningnews.co.uk
14.09.2022 / 12:23
Martin Lewis fights tears on Good Morning Britain as he likens his own heartbreaking loss to Prince Harry
Martin Lewis returned to present Good Morning Britain on Wednesday (September 14) alongside host Susanna Reid. The ITV breakfast programme has been at the centre of coverage of Queen Elizabeth II's death ever since the tragic news broke on Thursday evening (September 8).
manchestereveningnews.co.uk
12.09.2022 / 13:31
Martin Lewis reveals prices of gas and electricity standing charges that will affect millions of homes
Martin Lewis has revealed the new prices of gas and electricity charges due to affect millions of homes and families.
manchestereveningnews.co.uk
08.09.2022 / 00:33
Martin Lewis warns you could be charged £273 for limiting your energy use
Money Saving Expert Martin Lewis has warned that Brits can be charged £273 a year without using any energy at all. With energy prices rising at an alarming rate, many people are being forced to choose between heating their homes and eating.
manchestereveningnews.co.uk
05.09.2022 / 12:27
Martin Lewis issues inflation warning following Liz Truss comments
Martin Lewis has issued an inflation warning today after Liz Truss made the front page of papers this morning with her cost of living crisis comments.
manchestereveningnews.co.uk
05.09.2022 / 12:27
Martin Lewis makes 'responsible' ITV Good Morning Britain decision over viewers' messages
Martin Lewis was back at the helm of Good Morning Britain as part of a new weekly appearance alongside Susanna Reid. The Money Saving Expert founder is no stranger to the ITV news programme.
manchestereveningnews.co.uk
05.09.2022 / 11:55
Edwina Currie baffles Susanna Reid with Boris Johnson cardboard cut-out on ITV GMB after Martin Lewis clash
Edwina Currie left Susanna Reid doing a double take as she appeared on Good Morning Britain. The former MP and Minister for Health appeared live on Monday's edition of the ITV news programme via video link from her home in the Peak District.
manchestereveningnews.co.uk
27.08.2022 / 14:41
Single mum 'terrified' as energy price cap rockets to £3,549 a year
As the school summer holidays draw to an end, single mum Bev Arrowsmith had felt a small sense of relief, as her children could return to eating free school meals and wouldn't be spending all day at home.
manchestereveningnews.co.uk
27.08.2022 / 01:25
The exact date you should submit your meter readings as new energy price cap announced
Energy bills are set to rise again when a new price cap comes into effect in October. On Friday, Ofgem announced that the energy price cap would be set at £3,549 this autumn - an increase of around 80 per cent on the current cap of £1,971.
ok.co.uk
26.08.2022 / 21:56
Rylan Clark hits back at viewers who say he has 'nothing to worry about' amid energy crisis
Rylan Clark was forced to hit back at This Morning viewers on Friday after many suggested that he didn't need to worry about the rising price of energy bills. Rylan, 33, has been hosting the ITV show alongside Ruth Langsford, 62, over recent days while Phillip Schofield and Holly Willoughby continue to enjoy their summer break. On 26 August it was announced that the energy price cap is set to increase again from 1 October, and Money Saving Expert founder Martin Lewis appeared on Good Morning Britain, This Morning and Lorraine to provide advice.
manchestereveningnews.co.uk
26.08.2022 / 14:47
What happens if you are struggling to pay energy bills and can't afford price cap
The energy price cap will rise yet again in October, soaring to £3,549 in the autumn. Regulator Ofgem announced the increase on Friday (August 26) and said the new price cap will last for three months until October 1.
dailyrecord.co.uk
26.08.2022 / 12:35
How Scottish Power has responded to energy price cap hike
Regulator Ofgem today announced that the typical household energy bill will hit £3,549 a year from October 1. This is a huge increase on the current energy cap of £1,971 for the average household.
dailyrecord.co.uk
26.08.2022 / 12:35
Martin Lewis calls energy price cap hike 'devastating' and warns 'lives will be lost'
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.
ok.co.uk
23.08.2022 / 19:09
Ten common household devices racking up your energy bills by £140 a month
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.