Ladbible X Whatsapp
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Martin Lewis Says Cost Of Living Crisis Is The Worst He's Seen In 22 Years

Home> News

Published 16:01 20 Mar 2022 GMT

Martin Lewis Says Cost Of Living Crisis Is The Worst He's Seen In 22 Years

Money Saving Expert Martin Lewis appealed to Rishi Sunak to intervene on the rising price of - well - everything

Tom Wood

Tom Wood

Martin Lewis believes the UK is in the midst of the worst cost of living crisis he has seen in 22 years, and says that it could be ‘catastrophic’ for those struggling to make ends meet. You can see the thoughts of the Money Saving Expert founder below.

Martin Lewis is widely known and highly regarded for his advice to consumers and customers on how best to use their cash.

However, speaking on TV this morning, 20 March, he cut a more sombre tone, explaining how he is pretty much out of ideas when it comes to keeping people above water with their finances.

Advert

Of course, we all know that fuel prices and energy prices are currently skyrocketing, and the general cost of living is heading upwards at an alarming rate.

There are lots of reasons for this, but Lewis believes the only way the spike can be stopped is for the government to do something about it.

Martin Lewis said there's not much more he can do.
BBC

Speaking on BBC programme Sunday Morning, Lewis lamented the rising prices and said he’s ‘virtually out of tools’ to help people make their money go further.

He said: “I’ve been Money Saving Expert since 2000. I’ve been through the financial crash, I’ve been through Covid which was mitigated by some of the measures the Chancellor put in place.

Advert

“This is the worst – where we are right now, this is the worst.”

He continued: “When I’m reading messages from people saying money prioritisation used to be ‘do I go to the hairdressers, or do I go to the pub and have a takeaway’.

“Now it’s about prioritising ‘feeding my children over feeding myself’. That is simply not tenable in our society and there is absolute panic – and it has not started yet.”

Lewis appealed to Rishi Sunak to help ordinary people out.
BBC

Addressing the Chancellor of the Exchequer Rishi Sunak directly, he said: “As the Money Saving Expert who’s been known for this – I am virtually out of tools to help people now.

Advert

“It’s not something money management can fix. It’s not something for those in the lowest incomes, telling them to cut their bills will work. We need political intervention.”

Sunak is set to deliver a Spring Statement on the UK’s finances on Wednesday, 23 March, but isn’t expected to announce any big changes to his policies.

Speaking this morning on Sky News, Sunak blamed some of the crisis on the current situation in Ukraine.

He said: "The fundamentals of our economy are really good because we've recovered well, because of the actions we've taken, but look, the outlook is uncertain... because of what's happening in Ukraine."

Chancellor of the Exchequer Rishi Sunak.
Alamy

Advert

When pressed about comments from his fellow Conservative MP Robert Halfon, who said it was ‘vital’ the government cut fuel duty, Sunak said: "Obviously I can't comment on specific things.

“But what I would say, I understand that, I have a rural constituency, people are incredibly reliant on their cars and this is one of the biggest bills that people face, watching it go up, right, we're all seeing that, when we're filling up our cars.

"I get that, that's why we've frozen fuel duty already, I announced that in autumn, it's the 11th consecutive year of fuel duty freezes and that really helps people, I know that."

Featured Image Credit: BBC/Alamy

Topics: Money, Martin Lewis, UK News, Politics, Rishi Sunak, Cars

Tom Wood
Tom Wood

Tom Wood is a LADbible journalist and Twin Peaks enthusiast. Despite having a career in football cut short by a chronic lack of talent, he managed to obtain degrees from both the University of London and Salford. According to his French teacher, at the weekend he mostly likes to play football and go to the park with his brother. Contact Tom on [email protected]

X

@TPWagwim

Advert

Advert

Advert

Choose your content:

16 hours ago
  • 16 hours ago

    Doctor shows how much medicine costs in the US compared to the UK and Australia with shocking results

    Not all healthcare systems were created equal

    News
  • 16 hours ago

    Grim searches prosecutors say alleged killer made before he 'poisoned wife's protein shakes'

    Jurors will also be shown a video of the two arguing shortly before her death

    News
  • 16 hours ago

    Police preparing for 'Trump visit to UK' as protesters vow an ‘even bigger’ response than last time he came

    The US president is unlikely to get a warm welcome

    News
  • 16 hours ago

    People raise concerns over worrying 'food noise' after using Mounjaro weight loss jabs

    Experts have revealed how to stop food noise with Mounjaro

    News
  • Martin Lewis issues £1,000 warning to anyone who bought a car in specific time period
  • Martin Lewis issues update after warning everyone who bought a car before 2021 that 'billions' could be owed
  • Martin Lewis 'shocked by how many people' are making costly car insurance mistake
  • Martin Lewis issues ‘huge update' to everyone who bought a car before 2021