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Wales Online
Wales Online
National
Phil Norris

Martin Lewis compares UK to the Titanic as it approaches iceberg of 'cataclysmic' energy price rises

Martin Lewis warned energy prices will rise to 'catastrophic levels' when the price cap goes up again in October. He compared the UK to the Titanic approaching an iceberg as he said he was duty-bound to warn people of what was ahead of us.

The money saving expert was speaking on BBC Radio 5 Live about the impact a predicted energy price cap rise up to £3,244 in October would have. He said speed was of the essence if we wanted to stop people dying this winter, which he said was a "plausible and realistic outcome" of the "hideous" cost rises we will see.

Speaking to presenter Nihal Arthanayake, he said: "When you are on the deck of a ship and you see it heading into an iceberg. If you believe that's what's going to happen, you are duty-bound to ring the alarm.

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