Martin Lewis offers advice as energy prices set to rise
Video Credit: ODN - Duration: 00:21s - Published
Martin Lewis offers advice as energy prices set to rise
The average household energy bill is to increase by £149 from October after Ofgem said it was increasing its price cap as homes approach the winter months.
Martin Lewis, the founder of MoneySavingExpert.com, said people should consider a fixed-price energy tariff, with there being "no good signs on the market of energy prices getting any cheaper." Report by Covellm.
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Martin Lewis explains what the energy price cap rise will mean for you and talks through the options for billpayers looking for lower tariffs. Ofgem has confirmed household energy bills are to rise again from January 1 as it announced a 1.2% increase to its price cap. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The average household energy bill across England, Scotland, and Wales has risen by 1.2% after Ofgem increased its price cap. Simon Francis of the End Fuel Poverty Coalition warns that bills are now £700 higher annually than in winter 2020/21, with pensioners and disabled individuals hardest hit. He urges government investment in home insulation and energy efficiency to reduce costs and reliance on volatile gas markets. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has announced it will reform the energy regulator Ofgem, and provide more protections and better customer service to energy customers. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer has arrived at the Houses of Parliament for PMQs, where he is likely to face questions on Tulip Siddiq's resignation as Treasury minister and the economy, after the latest ONS figures show inflation dipped to 2.5% in December. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Chancellor Mel Stride says Prime Minister Sir Keir Starmer "should have acted earlier" to ensure Tulip Siddiq left the government over an anti-corruption investigation into her wider family in Bangladesh. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The shadow chancellor says the Treasury "should not be popping champagne corks" over the unexpected dip in inflation to 2.5% in December. Mel Stride adds the government has "killed growth stone dead" after inheriting an economy that was "much better than they make out". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The chief secretary to the Treasury has hailed an unexpected dip in inflation, but admits that the cost of living "is still a pressure for families across the country and there's more work to do". Darren Jones adds the latest Office for National Statistics figures, "shows that the prime minister's plan for change is working". Inflation has fallen to 2.5% in December from 2.6% in November, which will come as a relief to Chancellor Rachel Reeves, who has faced criticism given rising government borrowing costs and a slump in the value of the pound. The latest figures could open the door for an interest rate cut next month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Darren Jones says Tulip Siddiq's resignation from the government can be seen as a "clear success" for Sir Keir Starmer, as it shows the prime minister's new independent process for investigating ministerial conduct "has worked". The chief secretary to the Treasury adds Siddiq "was a good minister doing a great job", but that she accepted her wider family had become a "distraction" for the government. Siddiq resigned as Treasury minister over an anti-corruption investigation into her wider family in Bangladesh. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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