As bleak as things look already due to the cost of living crisis, Martin Lewis has warned it's only going to get worse, with the UK set to face a "cataclysmic" energy crisis this winter as bills are soar to £3,000. The eye-watering figure is almost four times what it cost two years ago when the cheapest deal was around £800.
Appearing on today's instalment of Good Morning Britain, the MoneySavingExpert.com founder spoke to hosts Kate Garraway and Ben Shephard about the latest figures by market researcher Cornwall Insight, which suggest bills will skyrocket to £3,000 per year by January - though he admitted to suspecting that the true figures might be even more than that.
In May, energy watchdog Ofgem predicted the price cap will rise to £2,800 by October, but this has now been updated to £200 more. While on the ITV breakfast show, the financial guru also slammed ministers for acting "too slow" despite the vast amount of warnings they were given.
