Home » Politics » ‘Heading for financial cataclysm’ Martin Lewis warns of mass ‘nonpayment’ over energy cost
‘Heading for financial cataclysm’ Martin Lewis warns of mass ‘nonpayment’ over energy cost
July 20, 2022
Martin Lewis warns Brits to brace for 'financial cataclysm'
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Amid the cost of living crisis, energy costs for households across the UK have soared as the Government has grappled to manage rising inflation. As the financial burden on the population continues to worsen, financial expert Martin Lewis has warned the nation could be heading towards ‘civil unrest.’ While the Conservative Government has introduced measures to support groups especially vulnerable to the financial crisis, Mr Lewis claimed the current provision would be easily “swallowed up” by the continued rise in costs. Speaking on ITV’s Peston, he suggested bill payers could launch a ‘consumer strike’ against energy companies by refusing to make fuel payments. He said: “We are heading for financial cataclysm this winter.”
Host Robert Peston asked: “You warned of fears there may be civil unrest, do you still have that fear?”
Mr Lewis replied: “The big movement that I am seeing is an increasing growth of people calling for a nonpayment of energy bills process, so mass non-payment.
“Effectively, a consumer strike on energy bills, getting rid of the legitimacy of paying that.
“It’s small at the moment – there’s a Twitter handle with about 5,000 followers, but everytime I talk about this and everytime I raise the alarm about what’s happening, that is the big response I get back.”