‘Disastrous’: Martin Lewis issues stark warning about the UK economy at NTAs

The Money Saving Expert founder won the expert prize at the annual TV awards

Kate Ng
Friday 14 October 2022 08:31 BST
Comments
Martin Lewis has 'ran out of ideas' to help those struggling with cost of living

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Martin Lewis warned that 2023 will be “pretty bad” due to the UK’s economical turmoil when he collected the expert award at the National Television Awards (NTA).

The consumer expert beat other nominees including veteran broadcaster and environmentalist David Attenborough, The Repair Shop host Jay Blades, and farming contractor Kaleb Cooper.

In his acceptance speech, Lewis called on the government to “get a grip on the economy” as inflation and the cost of living continues to spiral and mortgage rates rise.

He said at London’s OVO Wembley Arena: “It’s been a pretty horrible year financially. I mean, the energy crisis has been disastrous and left many people with terrible issues and mental health problems.

“I’m afraid next year, with the mortgage problem and the knock-on to rent, is going to be pretty bad. And you know what? We need somebody to get a grip on the economy and put things a little bit back.”

Lewis added that he was “quite shocked” to have won the award instead of “international treasure” Attenborough.

“Whoever said we’ve had enough of experts, no, we haven’t. We need them more than ever right now,” he continued.

He thanked his colleagues at the Martin Lewis Money Show, as well as the team “who feed me information and do the analysis for Money Saving Expert”.

Lewis has been outspoken in his criticism of prime minister Liz Truss and chancellor Kwasi Kwarteng’s recent mini-Budget, which triggered market turmoil when it was first announced in September.

After Kwarteng announced a raft of unfunded tax cuts and the government’s energy bill support package, Lewis said it was a “staggering” statement.

He also accused Truss of “repeatedly misleading” the public over financial support for energy bills, as she told broadcasters that “nobody is paying fuel bills of more than £2,500”.

(Gareth Cattermole/Getty Images)

The MoneySavingExpert.com founder warned that the cap only applies to the amount of energy that companies can charge per unit of gas and electricity, and is not a cap on energy bills.

Taking to Twitter, he warned that Truss’ “miscommunication” could put vulnerable people at risk.

Elsewhere during the NTAs, I’m A Celebrity… Get Me Out Of Here! picked up the Bruce Forsyth Entertainment Award, while the best new drama award was picked up by ITV’s Trigger Point.

King Charles III also made a special video appearance when he delivered a message to the Emmerdale cast and crew for their 50th anniversary, praising the importance of the countryside.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in