3min chapter

The Martin Lewis Podcast cover image

ISAs, ISAs, baby... cheap flights and pensions boost

The Martin Lewis Podcast

CHAPTER

The Government Should Postpone the Price Rise

I would say we're at an 85% likelihood that the price won't be going down. It's got to maybe slightly new on stiffer. The government's concern about this campaign has always been what if wholesale prices spike again. So I said, postpone the rise until July. Now that was deliberate, because there are two levels of pricing. You have the price cap, which is set by off-gem based on wholesale prices and then you have the price guarantee,. If the price cap is too high, this is what your pay and the government pays a difference. From July onwards, the price cap will be lower than the government's price guarantee, so we will pay the price cap

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