Martin Lewis donates £100,000 of his OWN money to charity on GMB

Martin Lewis donates £100,000 of his OWN money to a financial advice charity on GMB as he urges viewers to offer their energy bills rebate ‘if they don’t need it’ amid cost of living crisis

Martin Lewis surprised his Good Morning Britain co-host Susanna Reid on Wednesday by revealing he would donate £100,000 of his own cash to a financial advice charity.

The money-saving expert, who guest hosted the show during a cost of living crisis special, revealed he would offer 10% of the money that the financial advice charity Money Buddies needs to continue to help those struggling with their bills.

Along with offering his own money, Martin also urged viewers to help if they were able to spare any cash, after Prime Minister Liz Truss announced last week there would be a cap on energy bills to limit soaring costs and inflaton.

Generous: Martin Lewis surprised his Good Morning Britain co-host Susanna Reid on Wednesday by revealing he would donate £100,000 of his cash to a financial advice charity

During an interview with Money Buddies deputy chief executive Salam Shafi, Martin and Susanna asked him how much money they need to keep helping others.

He said: ‘It’s interesting. I had a meeting yesterday and I think £975,000 would make a big difference to our charity in terms of how many people we can help.’

Martin then immediately replied: ‘I’ve given to you before. I’ll give ten per cent of that.’

Salam said: ‘Thank you, Martin,’ while host Susanna added: ‘Thank you for generosity. I think we’ll all pitch in.’

King gesture: The money-saving expert revealed he would offer 10% of the money that the financial advice charity Money Buddies needs to continue to help those struggling with bills

What cash? During an interview with Money Buddies deputy chief executive Salam Shafi, Martin and Susanna asked him how much money they need to keep helping others

Martin then added: ‘If anybody else can help, if you can afford it and have the money to give away…

‘If you’re going to get that £400 [energy rebate] and you don’t need it…’ before pointing towards Salam.

It comes after Martin was briefly absent from GMB after it returned from a break for the local news to begin an interview with Salam, with Susanna briefly left to host the programme solo.

How much? As Salam said they needed £975,000, Martin said he would give them 10% of that figure, with Susanna adding that they would ‘all pitch in’

Where is the money from? Martin added: ‘If you’re going to get that £400 [energy rebate] and you don’t need it…’ before pointing towards Salam

The camera zoomed in on her while Martin returned to his seat, though no reason was given for his absence.

Earlier in the show, Martin also broke down in tears while discussing the death of his mother Susan, after she was killed in a road traffic accident just three days before he turned 12.

The presenter admitted his grief was triggered after watching footage of a young Prince Harry walking behind his mother Diana’s coffin during her funeral in 1997.

Martin told Susanna: ‘I wasn’t going to say this on air but it resonates with me very powerfully for someone who lost his mother at the same age as Harry in a road traffic accident. 

Where has he gone? It comes after Martin was briefly absent from GMB after it returned from a break for the local news, leaving Susanna to read the autocue solo

Odd: The camera zoomed in on her while Martin returned to his seat, though no reason was given for his absence

‘I find it very difficult to watch. Thank goodness I wasn’t made to walk behind. I didn’t even go. It does bring back some…’

Choking on his words, Martin asked Susanna to carry on while he composed himself, and she replied: ‘Oh Martin. When events like this happen they are very triggering of private grief. We totally understand.’ 

It comes after official figures showed that inflation has eased slightly to 9.9%, after a monthly fall in petrol and diesel prices.

Moving: Earlier in the show, Martin also broke down in tears while discussing the death of his mother Susan, after she was killed in a road traffic accident just three days before he turned 12

But Martin noted during the show that this is far from good news, as the real inflation rate, published next month, will take into account the vast rise in energy prices.

Martin said: ‘The real inflation rate figure we’re looking for in October is what we’re looking for when the energy prices come in.  

‘We’re expecting to see a jump in inflation in October. Today’s figure it’s predictive.

‘We’ve already felt it in our pockets. This is just a number that clarifies it. It does have an impact. This is where it matters.’

Worrying: As it was revealed that inflation had eased slightly, during the show Martin also noted that it is likely increase next month once the rise in energy bills is taken into account 

Last week Prime Minister Liz Truss announced that a price cap on energy bills would be introduced, keeping costs for households at £2,500 a year until 2024 – less than half the level many feared they would hit. 

The freeze is set to last for at least 18 months with the rumoured cost of £150billion more than double that of the furlough scheme.

A fund will be set off to prop up those who use heating oil, live in park homes or are on heat networks.

There will also be a package of help for businesses facing catastrophe due to soaring energy costs.

They will get ‘equivalent’ support for at least six months, operating through the wholesale energy market. Details of this element are limited but following the initial period ‘vulnerable’ industries could get further help.

Good Morning Britain airs weekdays from 6am on ITV.

Back soon: Good Morning Britain airs weekdays from 6am on ITV 

Source: Read Full Article