Martin Lewis has explained how the £200 energy bill loan offered by the UK Government actually works. The initiative was announced in February to help households with the rising cost of living.
But there has been lots of confusion about the loan, which the founder of MoneySavingExpert.com has debunked. The financial guru explained that in October households in Wales, England and Scotland will either have their bill reduced by £200, or will be given a bill credit. Those on prepay will pay it through their smart meters or you will be given a voucher or cheque, he said.
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