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Martin Lewis explains what the scrapping of standing charges means for you Analytics Table

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About Martin Lewis explains what the scrapping of standing charges means for you

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Standing charges on gas bills will be scrapped from next year for around 23 million homes, the Treasury has announced. The charges are a fixed daily fee added to bills, regardless of how much gas a customer uses, and cost around £108 per year for a typical household. Financial journalist Martin Lewis was invited into Number 11 for a private meeting with Martin Lewis to discuss this new policy. The Treasury said Chancellor John Healey will today ask regulator Ofgem to remove standing charges “in 2027 or as soon as possible after”. Instead, fixed costs will be paid on the unit rate, which the Treasury said could save 60% of households an average of £45 on their annual bills. Martin Lewis speaks to Ranvir and Richard Madely from outside Number 11 Downing Street. Broadcast on 28/10. Stream Good Morning Britain live, every weekday from 6am on the ITVX 📲 http://daytimelink.itv.com/WatchGMBYT Subscribe now for more! http://bit.ly/1NbomQa Like, follow and subscribe to Good Morning Britain! The Good Morning Britain YouTube channel delivers you the news that you’re waking up to in the morning. From exclusive interviews with some of the biggest names in politics and showbiz to heartwarming human interest stories and unmissable watch again moments. Join Susanna Reid, Ed Balls, Kate Garraway and Ranvir Singh every weekday on ITV from 6am! ITVX: http://daytimelink.itv.com/WatchGMBYT Website: http://bit.ly/1GsZuha YouTube: http://bit.ly/1Ecy0g1 Facebook: http://on.fb.me/1HEDRMb X: http://bit.ly/1xdLqU3 http://www.itv.com #GMB

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