Martin Lewis has made a passionate plea to the Government warning of widespread mental health damage as further rises to energy bills are coming. The money saving expert spoke on BBC Radio 4 this morning (July 28) to discuss the second energy price gap rise in October, which could plunge many homes in the UK into poverty.
Listeners heard how bills could rise as high as £500 per month for some households after the energy price cap is lifted once again in October. Martin admitted he had never seen anything like this and said the price cap rise was going to throw many households into a terribly difficult financial situation that "will leave them making some awful choices".
Speaking on Radio 4, he said: "We know roughly what the price cap is going to be. It is set based on a published algorithm, the algorithm is published and it's based on wholesale prices. The October price cap is based on prices from February and mid August so we're nearly at the end of that."
