麻豆社

After he warned the Government last year of a potential mortgage crisis, Martin Lewis met with the Chancellor Jeremy Hunt to discuss what can be done as people struggle to meet mortgage repayments.

He told 5 Live鈥檚 Nihal Arthanayake he urges banks to increase savings rates to reduce their margins.

鈥淏y increasing savings, that鈥檚 another way of encouraging saving, getting people to take money out of the economy which helps inflation鈥�.

Martin added, 鈥渋t鈥檚 unlikely to see much political pressure saying 鈥榣et鈥檚 bring mortgage rates down- because that defeats what the Bank of England is trying to do鈥�.

Interest rates are expected to rise again after UK inflation remained much higher than expected for the fourth month in a row.

Listen to the Martin Lewis podcast on 麻豆社 Sounds.