Martin Lewis has made a harrowing suggestion that 'warm banks' may be needed this winter as energy costs continue to soar. The Money Saving Expert and financial journalist floated the troubling thought on Twitter earlier this week as millions of people continue to grapple with rising monthly energy bills.
It is expected that the energy price cap set by regulator Ofgem could rise to £3,200 per annum in October - a £1,300 increase which experts fear could plunge even more people into poverty. The UK government is rolling out the first instalment of a £650 cost of living payment to eight million people on Thursday, July 14 in a bid to tackle price rises across the board.
Speaking on Twitter, Mr Lewis suggested areas where people who can't afford their energy bills may need to be set up as we get into the colder months of the year. He said: "Can't believe I'm writing this, but I wonder if this winter we'll need 'warm banks' the equivalent of 'food banks' where people who can't afford heating are invited to spend their days at no cost with heating (eg libraries, public buildings)?"
