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.
The founder of MoneySavingEcpert.com said that despite the Conservative leadership contest, decisions can be made now to help people. The financial guru explained how for every £100 someone is currently paying per month through direct debit, from October 1 that will increase to £181. From January, that will jump to £215.
However, nearly 100,000 people have signed up to a new movement refusing to pay their energy bills from October. The ‘Don’t Pay UK’ group is demanding action be taken to reduce costs to an affordable level before October 1, otherwise a mass cancellation of direct debris across the country is planned - if the campaign receives one million signatures of support.
