Money guru Martin Lewis was close to tears as he admitted he doesn’t have the answers to help the most vulnerable households through the energy crisis. The MoneySavingExpert pleaded with the Government to announce further cost of living help during a BBC Breakfast interview.
Ofgem has confirmed its price cap for October will skyrocket to £3,549 - a rise of 80% from its current level of £1,971. It means that for those paying by prepayment meter - typically those struggling to pay for their energy - there is a bigger jump from £2,017 to £3,608, The Mirror reports.
When asked by BBC presenter Charlie Stayt what households can do now, an emotional Martin replied: “You’re asking me a question. I’ve been a money-saving expert for 20 years - and I don’t have an answer.