Answering Your Questions on Mortgages, Interest Rates, and Energy

Martin Lewis answers your questions on energy ahead of Friday when Ofgem will confirm the actual price cap on energy costs from 1 July to 30 September 2024.

Plus, following the news that Inflation fell to 2.3% last month, Martin answers your questions on what this will mean for interest rates and mortgages.

Broadcast on 22/05/24

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[pmarmify]

energy bills bill down? Mine has gone up. Paying MORE in standing charges than energy!

[mattsorrell]

Still companies slapping CPI + inflation on our bills Energy/Mobile Contracts/Broadband etc

[chrysalis]

The inflation rate which had nothing to do with the government when it was going up is suddenly all down to the government now its falling? It's only going down because the energy costs have gone down. As soon as we go into winter they will go up again and so will inflation. When are Ofgem going to do something about the rip off standing charges? I'm extremely frugal with my energy use and my standing charge is over 50% of my bill.

[MJ-YT-USR]

Its so ridiculous that some things, particularly energy pricing has been made so unnecessarily complicated. And of course it's only made complicated to confuse us, scare us and get more money out of us. These things should be properly regulated, and by regulators who are actually impartial and not funded by the very industry they regulate.

[L.M]

I've noticed a drop in energy price over the psst 3 weeks. Last summer, I remember our daily energy use on average was £3, past 3 weeks it is £2.85 - as show on British gas smart meter.

[BobBuilder-mqwr]

Everyones lost 30% off there networths since 2021!! All that money printing has made the currency toilet paper

[springinpages]

What comparison websites are the ones that do not hide offers and show you the whole market? Anyone know?

[keithclunk]

Everyone who paid their own way during covid is entitled to whine about inflation. Those that sat indoors watching TV all day on hand-outs from the government during the pandemic should be taxed more now to recover some losses and stop complaining about the inflation caused by the free money they received.

[davidhorn]

It wasn't Sunak whom pledged inflation to GO UP in the first place. Sunak is NOT on The Monitory Policy Committee with Andrew Baily, so, explain HOW Sunak had any input to interest rates falling - thank You.

[jamiegiles]

Any Hero’s in the comments know which sites show the July price cap in comparisons,

[gusleonard]

People need to be buying assets because when they cut rase, debasement will continue again and it is about 8% per year. This is why housing goes up so much cos they keep printing and they are gonna keep printing.

[paulobulleros]

Didn’t realise Ellen Degeneres is in GMB!

[patdbean]

The only reason everyone is fixated on inflation. Is that their income/pay is not increasing with inflation. They are blaming the wrong peoole as always.

[peterkelly]

My pay as you go has tripled since Covid

[jamiejones]

Keep your smart meter and your c l o t 💉🤣