Martin Lewis has urged Tory leadership hopefuls to take action on eye-watering energy prices and “forestall the mental damage” debts will cause.
The consumer champion who founded MoneySavingExpert.com said the situation with energy bills is reaching a “desperate” stage, and will impact on millions of households.
This comes as energy bills are projected to reach almost £4,000 despite British Gas owner Centrica taking in strong profits of £1.34bn, up from £262m, a year earlier. Shell also reported record profits of $11.5bn for the second quarter.
Lewis (pictured recently with his wide) told BBC Radio4’s Today Programme: “It’s going to throw many households into a terribly difficult financial situation.”