Money-saving expert Martin Lewis said people in the middle are going to feel the biggest squeeze
Money-saving exper Martin Lewis said people in the middle are going to feel the biggest squeeze in light of Chancellor Jeremy Hunt’s Budget.
But he added: “Clearly the people who bare the brunt on this, we’re going to have a squeezed middle.” Martin said he met the Chancellor earlier this week where he pushed hard for mortgage flexibility and forbearance for the “squeezed middle” ahead of spring. Mr Lewis told LBC Radio: “We will see next spring we are going to have this perfect storm of energy bills going up, cost of living continuing to rise and energy bills at their peak. My concern is what do we do to get people over that hump.”
Mr Lewis also said they discussed Mr Hunt calling a mortgage summit with the regulator and big lenders to discuss how they are going to get people through next spring.
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