Martin Lewis gets emotional as he shares ‘serious’ concerns over cost of living crisis

Martin Lewis was emotional speaking on ITV’s Lorraine about his ‘profound concern’ for people amid soaring costs of living. His appearance follows the cost of living special on Good Morning Britain

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Martin Lewis gets emotional as he talks about the cost of living crisis

Martin Lewis was emotional as he shared his ‘serious’ concerns about the rise in the cost of living.

The energy price cap is set to rise to £71 a year on 1 April and the Money Saver appeared on ITV’s Good Morning Britain today to help people get their questions answered. special living expenses.

He then walks over to Lorraine’s side to talk to the host about the crisis many people face, when they choose between heating their homes or getting a good meal.

Martin has been nicknamed the People’s Shadow Chancellor and Lorraine asked him what he would do if he were in power.

When asked what he would do if he was in charge of the country’s finances, he said: “I would give more money to vulnerable people, especially disabled people who have to use more electricity and water.

“People are in a really dire state at the moment and I’m worried some people won’t make it through.”

He worries about how people will deal with the dramatic increase in energy prices.

“I am extremely concerned about the situation many people will face in the next 12 months,” he explained.

“And one of the problems we’ve had is that a lot of the tools we have for the bottom earners, they’re predicated on the idea that you have your income and your expenses.

“The way this works is to reduce people’s spending below their income. We’ve gotten to the point where, for many people, that simply can’t happen no matter what we do. and that’s why I’m calling for political intervention.”

He tried to help people by keeping things around the rising energy price cap as simple as possible.

“The cheapest fix currently on the market is £2880, actually higher than the October price cap predictions (currently £2490+), so it’s not worth getting a fix today. It’s just not worth it.” he said on Good Morning Britain today.

“Pay attention to the price cap. However, what you need to pay attention to is that your company – because there is no open market here, comparison sites are gone in a moment – will never offer grant you a much cheaper repair deal.”