Martin Lewis is warning that the latest energy price cap predictions from Cornwall Insight of £3,582 from October and £4,266 in January will result in older people needing to use nearly 45 per cent of their annual New State Pension to pay their heating bills next year if no action is taken now by the UK Government.
The consumer champion urged the “zombie government” to “wake up” sooner than September 5, calling the amounts forecast for millions of households on the price cap, “unaffordable”. Posting on his official Facebook page, he wrote that the rise swallows up not just the £400 energy bill rebate coming for homes in October, but also the £1,200 being paid to the poorest through the cost of living support package.
He warned: “This will leave many destitute. Tax cuts won't help [the] poorest including many elderly and disabled who've higher usage. Cutting the green levy'd be just tiny sticking plaster on a gaping wound.”
