Martin Lewis: My instant budget (autumn statement) summary & analysis

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MoneySavingExpert.com

MoneySavingExpert.com

Күн бұрын

For more information, see our Autumn Statement roundup news story: mse.me/3An8VDR

Пікірлер: 1 400
@DJ-uk5mm
@DJ-uk5mm Жыл бұрын
“State subsidy to peoples energy bills”. No… you mean “ state subsidy to corporate energy profits “. The money gets paid to the energy companies not the citizens
@merlecharge5303
@merlecharge5303 Жыл бұрын
As a pensioner of 82, I want to Thank you Martin Lewis for all your information
@almariosaqr6056
@almariosaqr6056 Жыл бұрын
You have done a lot for the People of this country. Thanks a lot Martin. True hero!
@gordongriffiths3840
@gordongriffiths3840 Жыл бұрын
Really🤣🤣🤣🤔
@Anon1370
@Anon1370 Жыл бұрын
i mean take away his wage and see what good he does for the people of this country...
@gordongriffiths3840
@gordongriffiths3840 Жыл бұрын
Told people to fix energy three days before the price dropped, told everyone to put savings in Icelandic banks they crashed and money not covered by the FSCS….
@HummingbirdJa
@HummingbirdJa Жыл бұрын
Basically, we are screwed! Whatever increases there are in anything, will be wiped out by increases in everything else! We are screwed! Thanks Martin you are our champion. Your research to give us choices is appreciated.
@kieronhomer3444
@kieronhomer3444 Жыл бұрын
We are Not screwed, do your own research on world affairs, start with Klaus Schwarb and the world economic Forum, also Look at who owns the media that Martin works for, also Look what other media those companies own, then you may see how they are doing what they do and Martin isn't such a hero after all, he knows the truth ✌
@mustrumridcully3853
@mustrumridcully3853 Жыл бұрын
@@kieronhomer3444 Martin can give the media the middle finger, he is comfortably wealthy. He hasnt been shy of telling people where to get off either. He doesnt "work" for media. Try looking up his net wealth.
@willsham45
@willsham45 Жыл бұрын
​@@kieronhomer3444 Oh god that guy. Could he be more of a stereotypical bad guy? I think the only thing he is missing is a twirly mustache.
@senseofthecommonman
@senseofthecommonman Жыл бұрын
@@mustrumridcully3853 he couldn’t exist on the media unless he towed the line, don’t be so easily taken in.
@kenjepson1908
@kenjepson1908 Жыл бұрын
@@senseofthecommonman What line is he towing, and why would he tow one anyway?... Oh, you mean "toed the line", if you are going to denigrate someone you could at least get your idioms right, anyway, exactly what line is he toeing? So what's your take on the budget? I'm assuming you do have one... you don't say what it is, much easier to criticise from the sidelines than involve yourself in informed, fact based discussion, eh? Anyway, all he's done is explain what the budget means in simple terms, what's wrong with that?
@andycavalier1920
@andycavalier1920 Жыл бұрын
Thank goodness we all have YOU to fight for the general public. Keep up the great work.
@testpilotian3188
@testpilotian3188 Жыл бұрын
These energy prices are never coming back down are they? We’re just going to be rogered for the rest of time aren’t we?
@sl1d3r1984
@sl1d3r1984 Жыл бұрын
Yep. Basically like fuel. Once they know they can get away with it they never really bring it back down. Just fluctuates 3-4 pence either side of what it is now. Won't go back down to near 1.30 for petrol and 1.40 for diesel ever again.
@JudeTheYoutubePoopersubscribe
@JudeTheYoutubePoopersubscribe Жыл бұрын
Even if wholesale costs come down significantly I can't see us ever having a price cap lower than £2500.
@GavinLawrence747
@GavinLawrence747 Жыл бұрын
anybody who supported lockdowns and demonised those who suggested it would cause all these problems deserves all the economic pain that they are suffering. It didn't need to be this way, even the scientists at WHO never, ever suggested lockdowns as an effective way of dealing with coronavirus.
@sl1d3r1984
@sl1d3r1984 Жыл бұрын
@@GavinLawrence747 vs the alternative? Just let it run rampant? The h1h1 virus (Spanish flu) infected over 500 million and killed 50 million in 1918 out of a world population of 1.8 billion. We are just over 8 billion now with much much better/faster transport links so the infection rate and death rate would have been 10 fold. Stopping people moving was the only viable option to not have a death toll over 500 million worldwide and the death stats back it up. In lockdown infection rates and deaths decreased.
@sl1d3r1984
@sl1d3r1984 Жыл бұрын
@@JudeTheKZbinPoopersubscribeyou are probably right. Used to sit around 900-1200 for the average bill. Going forward I fully expect it to be no lower than 2k. They might drop the unit rate but they won't drop the standing charges (failed supplier bailout tax) this is equating to over £45 a month before we use anything. Its an absolute con. My supplier didn't fail because immnot a moron that chose a fly by night provider. Why I am picking up failed energy firm tabs? When it was well publisised several directors of these companies walked away with millions...
@telstar32
@telstar32 Жыл бұрын
Thank you Martin and all of your team, for your hard work, and helping to explain things in a clear and understandable way.
@ranjnasmith2856
@ranjnasmith2856 Жыл бұрын
Thank you for all your hard work Martin. ❤️
@tybes99
@tybes99 Жыл бұрын
"Fiscal drag - think of Jeremy hunt in rouge" this was quality, as was the information given. Cheers Martin
@R08Tam
@R08Tam Жыл бұрын
Faecal drag
@acharich
@acharich Жыл бұрын
😅😅😅
@pmarmify
@pmarmify Жыл бұрын
I note the 5% VAT on energy bills not been lowered so as the price rises the MORE energy VAT government gets! My bill I pay more in standing charges than I do for energy!
@janefirn1328
@janefirn1328 Жыл бұрын
Exactly what they want
@MbahSmiles
@MbahSmiles Жыл бұрын
Helped me feel like I understand the situation better, so thank you very much, Martin.
@daveedwards7366
@daveedwards7366 Жыл бұрын
Well done Martin, sooo helpful thank you!!!!!
@Tainted-Soul
@Tainted-Soul Жыл бұрын
Thank you for sticking up for us people and translating everything into layman's
@NiallMS1
@NiallMS1 Жыл бұрын
Thank you, Martin; most informative!
@melissawaldman6200
@melissawaldman6200 Жыл бұрын
Thankyou.. Just seen this. Clear and consise and no waffle.
@Paterleano
@Paterleano Жыл бұрын
Thank you Martin for fighting for the most venerable in society.
@carrington2158
@carrington2158 Жыл бұрын
Well done Martin and thank you.
@BoneyBobsTreasure
@BoneyBobsTreasure Жыл бұрын
Thank you Martin, amazing how by straightforward application and hard work you have established yourself as the prime commentator in this area.
@senseofthecommonman
@senseofthecommonman Жыл бұрын
I don’t know how he does it, turning on a web cam and talking for 10 mins, he must be worn out.
@gordongriffiths3840
@gordongriffiths3840 Жыл бұрын
Or paid to do it
@AmandaJYoungs
@AmandaJYoungs Жыл бұрын
Thank you, Martin. I am so grateful that you are out there at the sharp end of things, keeping an overview of what's going on and who will be affected. I feel like you are one of the few people in public life that has a compassionate view and who wants us all to be able to afford to live with heating AND food. I really appreciate your work, and also the work of the MSE website, although I know it's not your baby in quite the same way any more.
@michaelt2987
@michaelt2987 Жыл бұрын
Thank you Martin. Concise and complete with current available information as ever.
@garysanders8090
@garysanders8090 Жыл бұрын
Thanks Martin and everyone at MSE for working so hard to explain this complex jargon in more simpler terms. What would we do without you folks...I dread to think.
@julianfogarty2243
@julianfogarty2243 Жыл бұрын
When they say "you will own nothing", they really mean it.
@silversurfer6758
@silversurfer6758 Жыл бұрын
but at least "you will be happy"
@seangage9088
@seangage9088 Жыл бұрын
Many thanks for what you are doing.
@m2dat791
@m2dat791 Жыл бұрын
Let's all go to france and return on a dingy
@mrennie5158
@mrennie5158 Жыл бұрын
😂
@patrickmcmillan3869
@patrickmcmillan3869 Жыл бұрын
Thank you Martin, at least we know we can trust you , 👍
@schrodingerscat1863
@schrodingerscat1863 Жыл бұрын
On thing you seem have missed is a huge rise in fuel duty from April. I have seen reports it could add as much as 12p to a litre of petrol. They didn't even have to decency to include it in the statement to parliament. It is detailed in paragraph 61 of the OBR's accompanying documents to the autumn statement.
@AngelaH2222
@AngelaH2222 Жыл бұрын
Exactly, it's hidden away, but is going to hit hard
@susanstretton3062
@susanstretton3062 Жыл бұрын
Deliberately not mentioned.
@esecallum
@esecallum Жыл бұрын
malfeasance
@rustreloaded
@rustreloaded Жыл бұрын
Thanks for the heads up, that's going to hit rural communities really hard, we often have no choice but to use our cars.
@laurisafine7932
@laurisafine7932 Жыл бұрын
I've wondered how Spacex, Nasa , the Chinese and just about everybody else, is managing to launch their satellite rockets during this supposed fuel crisis. Odd, very odd.
@gemma3954
@gemma3954 Жыл бұрын
For the first time ever (4 days late though!)! 🎉 I received a notification for a video from this subscription. 😮😊
@rustreloaded
@rustreloaded Жыл бұрын
A comfort to know that you will be at the big bank pow-wow with the Chancellor which means that ordinary people will have a voice in the room. Thanks for your summary and for getting it out so quickly, I've tried to take as much as I can in from Newsnight and, no doubt, my other trusted commentators like Novara Media and Gary's Economics will be releasing their analysis soon, this is just what I needed to be able to start to understand it ... though I may have to watch it another few times so that it sinks in (I have a cognitive impairment so need the clarity you bring to the table).
@christinephillips2069
@christinephillips2069 Жыл бұрын
Martin Lewis for chancellor xx
@Durram258
@Durram258 Жыл бұрын
Oh please this guys just as bad, the reason he wont talk about macro economics is because he knows all what the government is doing long term is going to make things worse, we are getting into a worse inflation spiral.
@TheOrionOracle
@TheOrionOracle Жыл бұрын
"Wisdom outweighs any wealth". And, so, the hope that we continue to find ingenious ways to make best use of whatever means we have available during these unforgivingly tough times.
@terrynicholson9273
@terrynicholson9273 Жыл бұрын
Oddly enough, I have never seen a politician or media presenter riding the bus.
@TheOrionOracle
@TheOrionOracle Жыл бұрын
@@terrynicholson9273 Wisdom does not mix with such people, I guess - one is busy fooling us (the voters) and the other is busy showing off their insta-glam lifestyle! 😆
@daveedwards7366
@daveedwards7366 Жыл бұрын
Amen
@pamvarnsverry2444
@pamvarnsverry2444 Жыл бұрын
@@terrynicholson9273 I have...
@mlwhepfiorino3392
@mlwhepfiorino3392 Жыл бұрын
Thank you Martin.👍
@woofpet
@woofpet Жыл бұрын
Thank you Martin. One of the good guys x
@rawevidence540
@rawevidence540 Жыл бұрын
He hasn’t got a clue. Monetary theory is beyond him.
@stitcheruk1150
@stitcheruk1150 Жыл бұрын
Standing charges should be abolished and the ‘cost’ added to a form of tiered unit charges. Unit charges should then be tiered so that average users pay the cheapest rate and high users ( bigger houses and more occupants ) pay a higher rate.
@maureenchallener1529
@maureenchallener1529 Жыл бұрын
How can they charge you for a bit of paper ? People are trying to help them selfs but they keep on taking🤔
@carladean6117
@carladean6117 Жыл бұрын
The standing charges are the part that annoys me most. Mine are £30 per month before I even put the kettle on. It is DIABOLICAL 😡 I queried it, I was told the higher standing charges are to subsidise people who can't afford to pay their bills. Really? Well guess what, I'm in Northern Scotland sitting in a room that's 11c and I can't afford to put my heating on but I'm paying for others . . WTAF?
@stitcheruk1150
@stitcheruk1150 Жыл бұрын
@@carladean6117 Hi. Everyone should get 6 units a day quite cheap. This should apply irrespective of whether or not a house has a smart meter but some allowance needed for ‘all electric’ homes. After that make higher users pay whatever is appropriate to meet costs, profit etc with this rate to incorporate the illogical standing charge. Higher costs over a base unit allowance should also encourage lower consumption. I’m sure it could be achieved with some thought. Pity low users cannot start a crusade.
@carladean6117
@carladean6117 Жыл бұрын
@@stitcheruk1150 Hi I'm a low user but my bills are still high due to almost £1.00 per day standing charges per utility. I'm a bit confused with your comment because I'm talking about standing charges which are applied regardless of consumption, not meter units 😧
@carladean6117
@carladean6117 Жыл бұрын
@@stitcheruk1150 Oh I think I get it, you're describing a fairer scenario not what actually happens. The standing charges should be scrapped now everyone is literally paying two or three times what they were one and even two years ago. It's ludicrous. I'm not putting my heating on. I can't afford it and even if I could it's now a matter of principle. Brrrrrrrrrr 🥶
@angierobinson5570
@angierobinson5570 Жыл бұрын
Thanks martin you explain things properly to us all so we understand rather than the gibberish that comes out of Jeremy hunts mouth ! Your a legend keep up the fantastic work you do 👏🏻👍🏻😊
@ryanberry1
@ryanberry1 Жыл бұрын
Did you not listen to the actual statement? It was pretty simple
@edwardbernthal160
@edwardbernthal160 Жыл бұрын
@@ryanberry1 but not as simple as Martins summery statement
@gjames7798
@gjames7798 Жыл бұрын
Yep I watched the statement and the questions after in Parliament. All pretty simple if you were prepared to listen.
@kevinsyd2012
@kevinsyd2012 Жыл бұрын
@Angela Robinson: You didn't even listen to Hunt so how do you know? And it's you're (you are) a legend, not your....
@edwardbernthal160
@edwardbernthal160 Жыл бұрын
@@kevinsyd2012 oh thank goodness you corrected her, if you hadn't I would never had understood what she was saying. Bravo, you are today's hero.
@jillrossiter8757
@jillrossiter8757 Жыл бұрын
Thank you.Yes,it helpsxxx
@rajinderk4163
@rajinderk4163 Жыл бұрын
Looks like we have to struggle for to get warm up this winter or any other, evan with support, thank you Martin help explainning
@roxanekeeley-monet9352
@roxanekeeley-monet9352 Жыл бұрын
Your my hero Martin!💕
@deva8347
@deva8347 Жыл бұрын
You’re my hero 🦸‍♂️ too!
@SteveSmith-kf9on
@SteveSmith-kf9on Жыл бұрын
Is the government taking a pay cut ( not worth a penny ) no expenses and stopping sending money to every country but here ??
@No2Censoring
@No2Censoring Жыл бұрын
Thank you Martin for so eloquently explaining what's going on !
@train4905
@train4905 Жыл бұрын
Brilliant work as allways sir,godbless you,and thankyou.
@michael_mouse
@michael_mouse Жыл бұрын
... bless you Martin 👍👍
@sophiamyambala1405
@sophiamyambala1405 Жыл бұрын
Very helpful. Thank you
@christophersmith9807
@christophersmith9807 Жыл бұрын
I don’t think I have felt as powerless as this in my whole life. Like a runaway train with the track running out. Good luck to everyone.
@michaeldavison9808
@michaeldavison9808 Жыл бұрын
If you felt that the world was previously under your control you were mistaken. All any of us can ever do is stay informed and make the decisions that are right for us. No one owes us a living, we have to make the best of our situation - or strive to improve that situation. I'm retired so have few options - but don't feel powerless. Your photo shows someone young enough to have a chance to achieve whatever he sets his mind to. I would happily swap :)
@klaus1085
@klaus1085 Жыл бұрын
Simply nothing but absolute slavery is left for anybody that works for a living.. and soon you won’t be going abroad on holiday, or eating meat, or celebrating Christian holidays… all part of a plan
@lyndacrosfill6340
@lyndacrosfill6340 Жыл бұрын
No windfall tax's on big company's ?
@senseofthecommonman
@senseofthecommonman Жыл бұрын
You are right to feel this way, because it’s true and literally no hope in sight. Labour are just as bad, even with all that we face they still talk of borrowing £30billion a year for green energy, can you imagine the good that money could do if spent where it’s really needed. If I were you I would turn off the news and live your life to the full while you can.
@ianbird6997
@ianbird6997 Жыл бұрын
Thanks Martin as always 👍
@MJamilHoque
@MJamilHoque Жыл бұрын
Thank you! This helps allot.
@andrewm514
@andrewm514 Жыл бұрын
Thank you. You've saved me thousands over the years. You're a good man.
@yaka2490
@yaka2490 Жыл бұрын
you sir are our voice and its amazing you have managed to have a sit down with the people in charge THANKYOU you have my utmost respect
@michaeldavison9808
@michaeldavison9808 Жыл бұрын
He's just a website owner who has achieved a form of sainthood by always being the person who simply explains things rather than being a politician who tries to justify things. He isn't a charity worker who has your interests at heart, he's a businessman who provides good honest information to the general public at a profit. His involvement in discussions with the government is only because they want to gauge public response to their measures. This gives him information from the ground floor that he can pass on to us - but he's not the minister for people's-finances, much as he represents himself as such.
@yaka2490
@yaka2490 Жыл бұрын
@@michaeldavison9808 thanks for the reply and your perspective. Mine is very different in that my instinct says Martin actually cares about those who can't speak up and his personal values go waaay deeper than personal wealth and don't see him as a greedy Corp type 🤔👍
@Decent2426
@Decent2426 Жыл бұрын
Thank you, Martin
@colinreid3586
@colinreid3586 Жыл бұрын
Martin is a legend! 👍
@jonathanrose456
@jonathanrose456 Жыл бұрын
Energy price guarantee = borrow the extra money & get our kids to pay for it! What’s needed is an alteration in the OFGEM charge rates being overhauled.
@roachfam152
@roachfam152 Жыл бұрын
Thank you very helpful 😊
@ahmd-mi9964
@ahmd-mi9964 Жыл бұрын
It's so more much better and pain free when a trusted person can simply explain without many political points scoring and lying about any help that is actually offered and where the actual back handed pain lies.
@QwadLuzr
@QwadLuzr Жыл бұрын
Das reset is going gut, sehr gut!
@martinbell9648
@martinbell9648 Жыл бұрын
Martin. You are a legend . Thank you for everything you do .
@slyteen2197
@slyteen2197 Жыл бұрын
Bloke just calls for more government intervention. He's the definition of communism.
@roxammon5858
@roxammon5858 Жыл бұрын
Thanks Martin.
@brigitnunez6735
@brigitnunez6735 Жыл бұрын
Thank you. Great video.
@johnjones6890
@johnjones6890 Жыл бұрын
Thank you for all you do. The public is very greatful
@chrisbaggieboy5656
@chrisbaggieboy5656 Жыл бұрын
Thank you Martin very informative as always.
@sargee97
@sargee97 Жыл бұрын
Thanks Martin, your explanation helped a lot. The thing I'd like to ask are people like myself on prepayment meters going to get a social tariff if and when one is introduced? Also people on disability benefits, will things such as pip rise at the rate of inflation like other benefits, because I don't think pip is means tested?
@ConorRhysB
@ConorRhysB Жыл бұрын
Legend. Thank you 🤙
@TheJbsportstech
@TheJbsportstech Жыл бұрын
23% on fuel duty from April 2023! That’s made me cross
@betheluktu7647
@betheluktu7647 Жыл бұрын
thank you for breaking it down!!With everything going on right now, the best decision to be on any creative man's heart is having a profitable investment strategy.
@marshallbsanz2068
@marshallbsanz2068 Жыл бұрын
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way, I recommend either real estate or crypto and stocks
@philip1258
@philip1258 Жыл бұрын
@@marshallbsanz2068 Regardless of all, investing in crypto markets trading still remains one of the best ways of getting out of poverty and obtaining financial freedom in this global economy pandemic
@vaztrevorknox4203
@vaztrevorknox4203 Жыл бұрын
I wanted to trade crypto but got confused by the fluctuations in price
@arktom7335
@arktom7335 Жыл бұрын
@@vaztrevorknox4203 The fluctuations of the market only affect those that hodl coins, but traders makes money on both sides, when it's bearish they go short when it's bullish they go long... The best strategy to use in trading crypto is to trade with a professional, like Arjun B Jagat he understand the market quite well, that way maximum profits are guaranteed.
@jackfinnva2409
@jackfinnva2409 Жыл бұрын
@@arktom7335 I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last two months in CNBC world news and decided to try him out...I'm Expecting my third cashout in 2days
@johnlearmond5538
@johnlearmond5538 Жыл бұрын
Thanks for all your hard work
@clairem295
@clairem295 Жыл бұрын
Helps explain it. It just makes me sick and dread the next couple of years. Go to be a tough one am already cancelling plans for next year as not sure I will be in a position to afford.
@YYTT-wd5qq
@YYTT-wd5qq Жыл бұрын
Wondering when they will also look at the cladding scandals caused insurance hike.
@danielmakepeace467
@danielmakepeace467 Жыл бұрын
Great video Martin, but can you please explain the planned 23 percent increase for March in Fuel Duty that was apparently well hidden in the small print? This could see 12p per litre rises at the pumps. Will it happen because it will cripple me? I don’t understand it. Will it happen?
@SildenYT
@SildenYT Жыл бұрын
Fuel duty was cut by 5p a litre in the spring statement last year which is due to expire at the end of March 2023. The 23% comes from combining the forecast RPI inflation and the withdrawal of that temporary fuel duty cut. The average price has dropped 27p per litre between July (190.81p) and now (164.23p), or 26p per litre. The fuel duty expiring is just 5p per litre. To retain that 5p per litre temporary relief would cost the country £2.4bn and still cause the price to go up by 7p per litre.
@senseofthecommonman
@senseofthecommonman Жыл бұрын
@@SildenYT you seem to have forgotten vat. Petrol went from £1.35 to £1.90. The government cut duty by 5p but more than gained it back in the extra vat which they are still benefiting from. They have given us nothing and intend taking more, so in future get your facts right before you defend this appalling government.
@Finglesham
@Finglesham Жыл бұрын
It will go up no doubt at all.
@markh8916
@markh8916 Жыл бұрын
Thank you for all your good work.
@fiveminuteman
@fiveminuteman Жыл бұрын
Fuel duty going up by as much as 12p a litre next year!
@antj29
@antj29 Жыл бұрын
You deserve a knighthood for your continued work to simplify the complex world of finance for many, great work as ever
@senseofthecommonman
@senseofthecommonman Жыл бұрын
But failing that he can always spend some of the millions he makes being a man of the people and understanding how hard it is for us.
@kimsmith6648
@kimsmith6648 Жыл бұрын
This is so good I-am so glad this man is able to explain this so simply, thank you.
@bereal6590
@bereal6590 Жыл бұрын
Basically the tories are shafting everyone
@ince55ant
@ince55ant Жыл бұрын
you'd almost think he's a public service. love him and his work but its a damn shame that theres a market for helping people survive government economic policy
@earthlingcarl3179
@earthlingcarl3179 Жыл бұрын
Thanks for this, very useful!!
@AaronBowersable
@AaronBowersable Жыл бұрын
Thank you, I feel less clueless about the financial future now. I feel i need to up my earnings anyway I can to help alleviate this recession. we're all in this together; regardless of who is to blame.
@kjh789az
@kjh789az Жыл бұрын
Thanks for this early explanation, Martin, and for meeting Hunt. Fuel duty rise from April 2023 seems to have been overlooked as its deliberately buried in the detail of today's statement. Won't this contribute substantially to inflation?
@underdogunchained
@underdogunchained Жыл бұрын
It's the Chinese social credit system creeping into the plan.
@juliewills8034
@juliewills8034 Жыл бұрын
Jeremy Hunt is said to be pro-China; he even married a Chinese woman.
@tomfielder8973
@tomfielder8973 Жыл бұрын
If you crossover into the 40% tax bracket, does that still clobber you for more tax on the company car for private use? Sometimes the rise is just not worth taking…
@julieparker5043
@julieparker5043 Жыл бұрын
Why is there never anything for single people? I’m paying all bills myself and paying off my own mortgage. I work full time and actively save by not going out much and carefully spending my money where needed (new clothes etc). I’m constantly being squeezed with absolutely no assistance apart from a small council tax discount. I’m lucky enough to be in a position where I have never had to claim benefits but by the time I renew my expiring mortgage, I’ll be living pay check to pay check.
@senseofthecommonman
@senseofthecommonman Жыл бұрын
Because you, like the rest of us simply don’t matter, the banks and energy companies are happy so the government are doing the job they are intended to do.
@glynarchie5765
@glynarchie5765 Жыл бұрын
I'm in the same boat on low wage , live alone , no help off anyone , which is fair enough , but I see other people at work married or partners , getting benefits , tax allowances, Really annoying.
@sayitlikeitis8759
@sayitlikeitis8759 Жыл бұрын
Single people are inefficient consumer units, they selfishly take up a whole property to themselves and are therefore to be ‘discouraged’. (I am one such myself).
@Proman476
@Proman476 Жыл бұрын
And people who cant be bothered to work will get an extra £900 a year.
@alexmorgan3435
@alexmorgan3435 Жыл бұрын
@@Proman476 Yup it's f'kin disgusting.
@sl1d3r1984
@sl1d3r1984 Жыл бұрын
Energy bills never coming down again. Rents going up, fuel going up, energy up, food up, inflation/interest up. And those of us just above the shit storm get no help yet again. Let's hope our bosses are kind enough to give out an inflation busting 10% pay rise in April to take the edge off eh?
@mikepembo8297
@mikepembo8297 Жыл бұрын
Going to take decades to come out of this sadly
@martysamuels
@martysamuels Жыл бұрын
And it's all down to lockdown, when they had no money coming in, but dished millions out in furlough. If you didn't see this coming, you're a fool. It was so obvious. They were never going to claw the money back without effing over the population. Should never have gone into lockdown. Sweden and Florida are prime examples, where their economic forecast is far better than what ours is.
@mrcatman6854
@mrcatman6854 Жыл бұрын
I WONT BE HOLDING MY BREATH NOT HAD A PAY RISE FOR AGES
@bushwhackeddos.2703
@bushwhackeddos.2703 Жыл бұрын
Now is a good time to come out of Crypto and invest in dinghies,
@bereal6590
@bereal6590 Жыл бұрын
I feel for you but it's not just you guys. I paid in 35 years and on legacy benefit so I get £150 that's it!! 35 years and a kick in the teeth
@donaldjolly2882
@donaldjolly2882 Жыл бұрын
Like a Breath of fresh air, simple honest information
@mn7024
@mn7024 Жыл бұрын
Awesome thanks 🙏
@terryharrison5185
@terryharrison5185 Жыл бұрын
The uk is well and truly fooked 😱
@Gwril76
@Gwril76 Жыл бұрын
Great work Martin. Many thanks 👍🏼
@SilverbackMatt
@SilverbackMatt Жыл бұрын
Thanks for this video.
@dzung1969
@dzung1969 Жыл бұрын
Just move over to somewhere warmer to live during winter months. Thailand looks good
@brianwilkinson1715
@brianwilkinson1715 Жыл бұрын
Thank you Martin 👏🏻
@NeonVisual
@NeonVisual Жыл бұрын
Continuing to leave the LHA rate as it is, while rents have gone up 15%-30% is going to make a lot of people homeless. I wouldn't be surprised if 500,000+ people are turfed out of their homes within 12 months and put into hotels.
@imwithstupid00011
@imwithstupid00011 Жыл бұрын
Are there any hotels left to be filled?
@steven2809
@steven2809 Жыл бұрын
Exactly! According to the Government it doesn't even qualify as a 'means tested benefit'. 😖
@sayitlikeitis8759
@sayitlikeitis8759 Жыл бұрын
But there’s no room in hotels any more ……..
@T.O.A.D.U.K
@T.O.A.D.U.K Жыл бұрын
It does feel like those working but not on the minimum wage are being clobbered because they don't qualify for additional payments or help, and will not receive anywhere near inflationary pay rises. I get the need to help the most vulnerable but I do feel like, and I am fortunate that it does not apply to me, that those working on lower incomes could actually be worse off than those not working, or receiving additional benefits/credits because help is not phased out but rather - if you are X you get Y and if you are not in X position you get nothing. Could it create a situation whereby some people give up work or move into the informal economy which is not good for the tax take or the people themselves in terms of rights and protections. On the macro-economic side we should be really worried because the IFS are talking about us spending £100bn per year (more than we spend on anything apart from the NHS) on servicing the debt by 2027 AND even with Hunt's claims about this being about balancing the books - debt is still rising for the next couple of years at least. Effectively he has kicked the worst of the pain down the road to after the next election both in terms of fiscal drag because the freezing of thresholds in 5 years time will feel worse than it does in one year's time but also because the debt will still be there and government spending will need to be cut - whether it is Labour or the Tories they are in a straight-jacket in terms of economic decisions. Also remember that post-2010 austerity actually reduced growth compared to long term trends and by the next election we will have had not only 2 big recessions in 14 years but also some of the worst economic performance outside of that (even accounting for COVID). Hardly a glowing economic record in government.
@pcas96
@pcas96 Жыл бұрын
Thanks an informative vid very strange price caps which we are paying for?
@tonkysue207
@tonkysue207 Жыл бұрын
The money Angel 👼.thank you.
@klmac3721
@klmac3721 Жыл бұрын
Most people I know are now paying 2 and a half times what they were last year for energy. It's crippling us. Any higher and we won't be able to cope - regardless of the income rises.
@daviniarobbins9298
@daviniarobbins9298 Жыл бұрын
My electric has doubled since September 2021. Used to cost about £33 a month now it is over £60. I expect my electric and gas bill to be about £160 this month, already spent £85 this month. Last month it cost £129.
@sl1d3r1984
@sl1d3r1984 Жыл бұрын
@@mrsmith4489 standing charges currently make up about £45 of the monthly bill. £600 ish a year. The previous full year before it went mental my entire bill was only 980 for the year. My usage to date this month is already more than my bill for whole of november last year and we still have 2.5 weeks left to go.. Its just madness
@LEWIS1992
@LEWIS1992 Жыл бұрын
You can thank the Russians for the price increases...
@ryanberry1
@ryanberry1 Жыл бұрын
Just wait for when everyone has to remortgage! a £300k mortgage will pay £10k ish a year more
@gordonmackenzie4512
@gordonmackenzie4512 Жыл бұрын
@@LEWIS1992 The price of gas started to rocket 8 months before the war in Ukraine. Normal price 50p, Oct 21 300p, Dec 21 450p. War started 24th Feb 2022.
@gearoidt6761
@gearoidt6761 Жыл бұрын
What a massive Hunt he is
@foyz1690
@foyz1690 Жыл бұрын
Thank you for clear information
@johnwilkinson3880
@johnwilkinson3880 Жыл бұрын
Thank you. Also look at the cost of insurance. This is going up way beyond any inflationary increase. There are people who are not going to renew their insurance. There will be problems!
@ashredfern8507
@ashredfern8507 Жыл бұрын
Modern day Robin Hood. Can we try get car fuel prices down? That will help businesses and people.. also lower VAT on essentials such as food and clothes. Also force landlords who rent homes out that are uninsulated walls to give a rent cap... as people living in poorly insulated rented homes in private sector pay just as much rent as those insulated on the same streets due to the housing shortages. Now interest going up builders are already planning to not build as much next year to manage their books on sales. So let council's build more houses to make up the shortfall? Big untappedmachine waiting to go their.
@richardyardley5127
@richardyardley5127 Жыл бұрын
Petrol and diesel fuel duty to increase by over 23% Martin.
@Holycurative9610
@Holycurative9610 Жыл бұрын
£2/litre time again and my car sits on the drive for 28 days out of 30 again..
@Ballerism
@Ballerism Жыл бұрын
Get rid and use public transport.
@rob-c.
@rob-c. Жыл бұрын
@@Holycurative9610 can you clarify - if you don’t need to drive your car when fuel is £2 per litre, why are you driving it when the fuel is £1.50?
@joesackbaron
@joesackbaron Жыл бұрын
Good man. 👍
@JaySmith91
@JaySmith91 Жыл бұрын
I can't stop thinking of Jeremy Hunt in Rouge. Will the government address this issue if in April I'm still having these intrusive thoughts? Thanks for all your help.
@xtrailz
@xtrailz Жыл бұрын
Standing charges £308.97 a year before any electricity or gas is used
@timbounds7190
@timbounds7190 Жыл бұрын
Very clear, Thanks
@bob6383
@bob6383 Жыл бұрын
At these price levels, why do energy companies need a minimum monthly fee (standing charge)?
@bengunns9500
@bengunns9500 Жыл бұрын
I am putting my salary in a Vanguard index tracker, although they have been volatile its now going up.
@barrywalton7553
@barrywalton7553 Жыл бұрын
Thanks uncle Klaus
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