Savings expert Martin Lewis warns that the UK is facing riots over the cost of living crisis

advertisements

Rescue expert Martin Lewis has warned that Britain is on the brink of riots due to the rising cost of living crisis.

The TV star and founder of the website MoneySavingExpert said he fears civil unrest if the breadwinner struggles to feed their families.

Martin, 49, admitted he feared people as inflation continued to rise.

“We need to feed the people,” he said.

“We need to keep it warm. If we get this wrong now, we will get to the point where we start risking civil unrest.”

“When the breadwinner cannot save money, anger and civil unrest arise, and I don’t think we are very far away.

The cost of living in the UK is rising rapidly, and Martin Lewis says he is concerned about what could happen as a result (Image: Getty Images/iStockphoto) Read more related articles

“I get all these messages from people pulling their hair. They don’t know how to make things add up.”

The situation has become so dire that their website has had to create a new feature that gives tips on how to stay warm without heating up.

“I feel a little sick doing this,” he said.

“We’re talking about hot water bottles in the sleeping bag area. This is one of the richest countries in the world. It’s pretty desperate, isn’t it? It’s no exaggeration to say there are people we have to stop freezing or going hungry.” . »

Martin Lewis said a new section has been added to his website to give people tips on how to stay warm indoors (Image: Getty Images) Read more related articles

See also  people time

According to the latest UK Economic Outlook from PwC, households are expected to earn £900 this year in a historic decline in living standards.

Low-income people face a financial hit of £1,300 and the hit could be even greater if the Ukraine crisis continues to escalate.

The report found that inflation will reach 8.4% by the end of this year, which would mean a 2% decline in household income, the largest decline in real wages since the 1970s and the largest decline in living standards since records began.

Read more related articles

The Russian invasion of Ukraine and the tightening of the belt between households and businesses means the economy will grow at a slower-than-expected 3.8% in 2022.

The report notes that this represents a decline of 4.5% previously observed and a record expansion last year of 7.4%.

For more amazing stories from The Daily Star, be sure to subscribe to one of our newsletters here.

Read more related articles Read more related articles

advertisements

Leave a Reply

Your email address will not be published.