Beat the 5% energy price hike? Autumn Statement practicals & Richard Osman!
The Martin Lewis Podcast
BBC
4.4 • 929 Ratings
🗓️ 23 November 2023
⏱️ 63 minutes
🧾️ Download transcript
Summary
On this weeks podcast, Martin discusses the 5% energy price hike and gives his reaction to the Autumn Statement. Plus a surprise Mastermind appearance from a special guest!
Transcript
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| 0:00.0 | BBC Sounds, Music, Radio, Podcasts. Hello, I'm Martin Lewis, and this is the cunningly named |
| 0:07.5 | the Martin Lewis podcast. I do wonder what that's all going to be about. Now, usually, most of it |
| 0:12.7 | comes from our BBC Radio 5 live show with Nahal Arthaniaka, but this week it comes from two Radio |
| 0:17.9 | five live show with Nihal Arth Naika, one done just after the autumn |
| 0:21.2 | statement and the other done after the energy price cap. So no guessing what it's all going to be |
| 0:25.8 | about. And of course, as always, there's bonus money saving tips just for you lucky, lucky |
| 0:31.1 | podcast listeners. So what's in today's pod? Hmm, can you guess? Yes, we'll be talking the energy |
| 0:36.9 | price cap. Sadly, from January, |
| 0:39.3 | people are going to pay the highest they have ever paid for energy bills in the winter in |
| 0:44.3 | England, Scotland and Wales, because prices are going up an average 5%. So we focused on your |
| 0:50.5 | questions. You asked about the standing charge, wholesale rate, should you fix, and a lot more, |
| 0:55.2 | and I'll do my best to answer them. Then there's the autumn statement. It's a practical step-by-step. |
| 1:01.2 | What does it mean for the pound in your pocket? In my quick deals, we've got broadband Black |
| 1:06.6 | Friday deals. Many people can halve what you're paying on broadband and get double the speed. |
| 1:12.0 | Don't double the speed of me, though. That'd be really fast. And super cheap trains to France. |
| 1:17.5 | Play the theme tune PPS. |
| 1:21.5 | I got meals. I got paid. Someone going to work for a world. I'm going to work for it. |
| 1:29.2 | I got to pay. |
| 1:34.5 | So we had an announcement that from the first of January, so it lasts until the end of March, will be 5% higher on |
| 1:45.5 | average than the current price cap. Now, you really need to break it down. We'll talk about why |
| 1:54.2 | that's more than any other winter before. First thing, what is the price cap? Well, the energy regulator |
| 1:59.1 | Ofchem sets a limit of which firms in England, |
... |
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