Politics

Martin Lewis issues urgent £1,925 warning to everybody in UK



Martin Lewis appeared on ITV’s Lorraine where he issued a £1,925 warning to everyone in Britain.

On the show, the Money Saving Expert had his say over the energy price cap rise.

He warned energy prices were set to increase greatly from April, with calculations suggesting the price cap will rise by 51 per cent.

READ MORE: Martin Lewis warning of common ‘danger debt’ to millions

That means someone paying an average energy bill of £1,277 a year, could see their annual cost rise to £1,925.

Speaking to the Scottish talk show host, Martin said: “I remember last June when I was presenting GMB speaking to the energy minister saying there was a crisis coming and just getting batted off.

“What you have to understand is the position we are in today is that we are pretty solid what is going to happen on April 1.

“This is all about the price cap. The energy price cap that 61% of homes in England, Scotland and Wales are on.

“You will be on it if you have never switched tariff, you will be on it if your fixed deal is coming to an end and you haven’t done anything else – which most people can’t now because there aren’t any cheap tariffs out there – so most people are coming out of their fixes and going onto the price cap.

“You will be on it if you are one of those couple of million people whose energy firm has gone bust and automatically moved elsewhere.”

He added: “I was predicting that on my show last October.

“We have absolutely got a window where there will be action and intervention possible either by the Government or by the Government through the regulator. They know it is coming.”

He continued: “Somebody who is not on the internet, a struggling 90-year-old grandmother, who bizarrely has always paid more than me to boil a kettle, then we need to protect those people.

“We need to protect people right now on low incomes.

“I would be looking at a massive extension to the warm homes discount or even a special vulnerable customer price cap that does not rise, even when the price cap for others does.

“As one of the richest countries in the world, as a civilized society, we have to protect our vulnerable people from either freezing or starving.

“I think that is the priority right now and those are realistic outcomes.”

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