MARTIN Lewis has warned thousands of Brits will spend more on energy bills from next month.

The money-saving expert explained why in his Budget special this evening.

Martin Lewis has warned thousands of Brits will be spending more on energy bills from next month

1

Martin Lewis has warned thousands of Brits will be spending more on energy bills from next month

He said that the energy bill support scheme, which thousands across the country have been claiming, will come to an end.

This means such bills will no longer be subsidised, seeing the costs fall back on Brits.

Martin explained: “The £66-£67 a month that you’ve been getting ends in April.

“So you are going to need to budget for the fact that you’re going to pay more.

Martin Lewis reveals how you can get £300 FREE with specific bank account
Martin Lewis' Budget verdict on childcare help & reveals 'best' savings account

“The less you use, the proportionally more you’re going to feel that – if you’re a very heavy user you wouldn’t notice it.

“If you’ve got smaller bills that £66-£67 a month is a much bigger proportion.”

In the ITV Budget special, Martin also revealed how Brits on Universal Credit can get free cash with specific savings account.

Yesterday Martin offered his verdict on the Budget – he spoke to tax, energy bills, pensions, and free cash.

Most read in Money

He was speaking after seven major changes were announced for childcare amid yesterday’s Budget, while the price of a packet of cigarettes rose to £14.39.

Elsewhere, Jeremy Hunt gave millions of workers a pension boost by scrapping the lifetime pension allowance (LTA) to tempt people to work longer.

The Energy Price Guarantee (EPG) cap will also continue at £2,500 for another three months.

It was meant to rise to £3,000 a year for households in April but Hunt scrapped those plans today.

This will save the average household around £160, the government said.

Meanwhile, it was also announced drivers won’t pay more for fuel as duty was frozen.

This post first appeared on thesun.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

I NEVER turn on the central heating at home because my kids keep warm using £10 M&S winter essential – it’s a lifesaver

A SAVVY mother has revealed a trick to save warm this winter…

How Chinese car brands plan to take over Britain’s roads

Chinese brands will make a ‘lasting footprint’ on the UK car market…

‘Right to request’ flexible work not granted for half of UK’s working mothers

One in two have request turned down while those that work flexibly…

Shoppers rush to buy discounted energy saving gadget in cold weather – and you won’t have to put the heating on

SHOPPERS are rushing to buy a reduced energy saving gadget that only…