Money saving expert Martin Lewis warns UK faces riots over cost of living crisis

Britain stands on the brink of riots due to the mounting cost-of-living crisis, money-saving expert Martin Lewis has warned.

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

Martin, 49, admitted he is scared for people as inflation continues to skyrocket.

"We need to keep people fed,’’ he said.

"We need to keep them warm. If we get this wrong right now, then we get to the point where we start to risk civil unrest.

"When breadwinners cannot provide, anger brews and civil unrest brews – and I do not think we are very far off.

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"I get all these messages from people tearing their hair out. They don’t know how to make things add up."

The situation has grown so desperate his website has had to set up a new feature offering tips on staying warm without heating.

"I feel slightly sick about doing it,’’ he said.

"We are talking hot water bottles in sleeping bags territory. This is one of the richest countries in the world. It’s pretty desperate, isn’t it? It is not an exaggeration to say that there are people we have to prevent freezing or starving.’’

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According to the latest UK economic outlook report from PwC households are set to be £900 worse off this year in a historic fall in living standards.

The lowest earners face a £1,300 blow to finances and the hit could be higher if the Ukraine crisis keeps escalating.

The report found inflation will hit 8.4% later this year – which will mean a 2% drop in household incomes – marking the biggest fall in real wages since the 1970s and the largest decline in living standards since records began.

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Russia’s invasion of Ukraine and belt-tightening among households and businesses means the economy will grow at a slower-than-expected rate of 3.8% in 2022.

That is down from the 4.5% previously pencilled in and last year’s record 7.4% expansion, the report suggests.

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