Answering Your Questions on Mortgages, Interest Rates, and Energy

Martin Lewis answers your questions on energy ahead of Friday when Ofgem will confirm the actual price cap on energy costs from 1 July to 30 September 2024.
Plus, following the news that Inflation fell to 2.3% last month, Martin answers your questions on what this will mean for interest rates and mortgages.
Broadcast on 22/05/24
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#GMB #martinlewis #financialadvice #inflation #interestrates #mortgage #energybills #costoflivingcrisis

[@pmarmify]

energy bills bill down? Mine has gone up. Paying MORE in standing charges than energy!

[@liamsheridan3814]

They need to ban standing charges 100%

[@ryanberry1]

I'm paying MORE in standing charges than in actual usage... I'm a low user at about 3-4 KWh a day

[@chrysalis4126]

The inflation rate which had nothing to do with the government when it was going up is suddenly all down to the government now its falling? It's only going down because the energy costs have gone down. As soon as we go into winter they will go up again and so will inflation. When are Ofgem going to do something about the rip off standing charges? I'm extremely frugal with my energy use and my standing charge is over 50% of my bill.

[@rgyhad484]

Martin is the best ❤

[@georgiamackay7959]

The only person we seem to have left to trust in

[@mattsorrell9386]

Still companies slapping CPI + inflation on our bills Energy/Mobile Contracts/Broadband etc

[@MJ-YT-USR]

Its so ridiculous that some things, particularly energy pricing has been made so unnecessarily complicated. And of course it's only made complicated to confuse us, scare us and get more money out of us. These things should be properly regulated, and by regulators who are actually impartial and not funded by the very industry they regulate.

[@L.M143]

I've noticed a drop in energy price over the psst 3 weeks. Last summer, I remember our daily energy use on average was £3, past 3 weeks it is £2.85 - as show on British gas smart meter.

[@springinpages6325]

What comparison websites are the ones that do not hide offers and show you the whole market? Anyone know?

[@keithclunk3125]

Everyone who paid their own way during covid is entitled to whine about inflation. Those that sat indoors watching TV all day on hand-outs from the government during the pandemic should be taxed more now to recover some losses and stop complaining about the inflation caused by the free money they received.

[@jamiegiles6767]

Any Hero’s in the comments know which sites show the July price cap in comparisons,

[@BobBuilder-mq9wr]

Everyones lost 30% off there networths since 2021!! All that money printing has made the currency toilet paper

[@jamesbarbour8400]

Sadly, that is ultimately what happens when you create money out of thin air - always been the case. Most people aren't aware of just how dangerous a game this is - sooner or later, a point will be reached where it will be practically impossible to pay back all the debt and accrued interest on that debt. Needless to say that Politicians don't care, since they'll have their gold plated pensions to survive on whilst the rest of us freeze and starve, particularly in our old age. No point in kicking up a fuss either, as they'll all be protected behind their gated communities. Why do you think they are driven around in bullet proof vehicles with a small army of security.......they know they've done wrong......but couldn't care less coz of all the protection they can call upon. Both ex Presidents and Prime Ministers are allocated security details to protect them for the rest of their natural. Huge waste of money. They know what they've done, and so do we !

[@liamthornhill5122]

@@jamesbarbour8400 there crashing the £ on purpose to move over to crypto based

[@goych]

Actually we’ve just given it to fewer and fewer people

[@gavinsmith9564]

Sunlit uplands of Brexit Britain.

[@paulobulleros6641]

Didn’t realise Ellen Degeneres is in GMB!

[@user-hp6ls8qy6d]

Susanna Reid looks nothing like her.

[@patdbean]

The only reason everyone is fixated on inflation. Is that their income/pay is not increasing with inflation. They are blaming the wrong peoole as always.

[@gusleonard9397]

People need to be buying assets because when they cut rase, debasement will continue again and it is about 8% per year. This is why housing goes up so much cos they keep printing and they are gonna keep printing.

[@peterkelly5672]

My pay as you go has tripled since Covid

[@Juliukas101]

I hate those peasant meters. They are the worst value ever and make people way poorer.

[@jamiejones642]

Keep your smart meter and your c l o t 💉🤣

[@Juliukas101]

What?

[@thebody1001]

@@Juliukas101He’s referring to the Covid vaccine also known as the clot shot.

[@mohamedmagdy4015]

عليكم استخدام الطاقه الشمسيه

[@user-hp6ls8qy6d]

This doesn't concern you.

[@mohamedmagdy4015]

So what do I care about?