civil unrest due to rising electricity bills “not far off”, says Martin Lewis | Energy bills

By Adrian Ovalle

British eponymous money Rescue expert Martin Lewis warned that civil unrest over rising electricity bills ‘just around the corner’ as he repeated call for more government intervention for protection people.

Lewis said he was the most scared for people finance since he founded his popular website in 2003. Traditionally gave advice on which bank accounts or carriers may be cost- efficient and regular port of call for people looking at switch energy supplier and save money.

However, after the recent increase in in price lid for household electricity bills before £1971, this took in step of publication of Heat the Human manual for people on how save yourself and your homes warm like they are face choice between heating and cooking on Table.

It includes steps like put heating pads in sleeping bags. “This is one of the most rich countries in in world. It’s pretty desperate, isn’t it?” he said.

In an interview with to the Sunday Telegraph, he said: “We need keep people fed. We need to keep them warm. If we get it wrong right now, then we’ll get to the point where we start to risk civil unrest. When breadwinners can’t provide, anger and civil unrest brew—and I don’t think we’re very far off. off.

“I get all these messages from people tear their hair out out. They are not know how do things add up”.

This echoes his comments for the Guardian. in interview in March when he said inflation and rising household spending could fall more people into absolute poverty.

Currently, people you can get a £200 discount on their electricity bills in October to be repaid. Council tax payers living in homes in Groups A to D will be eligible for a £150 discount. on their municipal tax bills in April.

Farther rise for expected energy limit in October. It is estimated that inflation could reach 8.4% this year. year, according to an economic outlook report by PricewaterhouseCoopers. Lewis said what he thinks real inflation can reach 12%.

If PwC’s forecast comes true out, this would mean a general drop of 2% in household income. This would be the biggest decline in wages since the 1970s, and the biggest drop in standard of living since recordings began.

Lewis added: “Behind people towards the end there is nothing to cut back on. It is not an exaggeration to say that there are people we must prevent freezing or starvation.”

PwC report published in early April said that British households set be 900 pounds worse off This year in “historic fall” in living standards. Lowest Income face £1300 drop in finances, which could get even worse if the Russian invasion of Ukraine drags on.

Source: civil unrest due to rising electricity bills “not far off”, says Martin Lewis | Energy bills

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