Martin Lewis responds to those ‘attacking him’ over £200 energy payments
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Martin Lewis has hit back at people ‘attacking him’ online for his comments about the Government’s new £200 energy scheme.
The personal finance guru has refused to call the payment ‘a loan’ and has instead likened it to a levy placed on energy bills.
Rishi Sunak announced every household in the country would receive the £200 discount in October as a way of mitigating the worst of the coming £700 hike in the price cap.
But people will have to pay it back in £40 instalments added to their bills over for the next five years.
Mr Lewis tweeted: ‘To those attacking me for saying the new £200 scheme isn’t a loan even asking “where do u get your info from?”
‘It’s what I do for my job. I say its not a loan, as it’s not a loan. It’s not a political statement, I’m explaining the practicals.’
He then shared a video of himself discussing how the scheme works, stressing that there’s no connection between receiving the £200 this year and having to pay it back.
Young people who leave home in the next two years will still face paying an extra £40 on their bills even though they haven’t benefitted from the discount.
Similarly if people receive the £200 discount and then cease to be a billpayer for whatever reason, they won’t be chased for the money.
Mr Lewis…