Martin Lewis donates £50,000 of his own money after ‘depressing’ performance on This Morning

His blunt message came just three weeks to the day before energy regulator Ofgem is due to announce the extent of a price cap increase for 15 million households

MoneySavingExpert founder Martin Lewis
Mr Lewis said he offered £50,000 to help people in difficulty

Martin Lewis has donated thousands of his own money after describing a “depressing” performance on This Morning.

The founder of MoneySavingExpert appeared on the itv Daytime show on Thursday (March 17) to take viewers’ calls alongside hosts Alison Hammond and Phillip Schofield ahead of the Energy price increase next month and amidst the current cost of living crisis.

But while Martin offered his best advice to those worried about upcoming gas and electricity price hikes, he still wasn’t happy.

After his segment on the show, the 49-year-old accepted Twitter and said it’s actually “damn depressing” because he runs out of opportunities to help before prices go up.

“Fucking depressing to call @thismorning again. So many people are at a tipping point on energy bills – including those with very high consumption due to disabilities (home ventilators, oxygen concentrators, electric wheelchairs, etc.).”

He added desperately: “I have almost NO TOOLS to help. The government must step in,” before retweeting a follower who told him, “You’ve done so much good Martin. Try to hold onto it! And don’t be afraid to take time off if you need to.”

Our cost of living Team of experts is here to help YOU through a very difficult year.

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Martin also received a message from Money Buddies, a Leeds-based advisory service, telling him: “We’re in the same boat Martin.

“We’ve seen twice as many people as we expected in February, the same again in March, and we have a huge waiting list of people who are keen to see us who are at risk. We are at the breaking point… the state must intervene now…”

In response, the Money Saving Guru I then made them an offer. “If I donated £50,000 today would you be able to get things started to take the pressure off quickly?” he has asked.

When told it would help tremendously, Martin replied, “Done. Money is ready to go.” But he managed to joke: “I’m usually against impulse spending – but I’ll refrain from it ;).”

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And Martin’s followers soon rushed to praise him for his “incredible” offer.

WarriorTFC37 tweeted, “This made me cry. So nice to read good things when we don’t have a lot of good news!”

“Wow, what an amazing gesture. I hope the money helps a lot of people, but the government has to act. It should not be left to individuals to intervene,” said @traceynicola.

“Martin, you always surprise me. You have achieved great success in your career and you still spend all your time helping others. What a gesture,” commented @MarkAda99.

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https://www.mirror.co.uk/money/martin-lewis-donates-50000-money-26501924 Martin Lewis donates £50,000 of his own money after 'depressing' performance on This Morning

Fry Electronics Team

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