Martin Lewis issues money warning 'we can't ignore' and vows to 'redouble' efforts

Martin Lewis has warned "we can't ignore it" as he issued a money warning to millions - and promised to "redouble" his efforts. Martin has spoken out over the need to do more to ensure people in the country can navigate the ongoing Cost of Living crisis.

"We can't ignore the impact of money issues on people's mental health, here's what we're trying to do about it...," Martin wrote, with a link to the Money and Mental Health blog post. The BBC Sounds podcast presenter's post was backed by fans.

"May I work with you on this, Martin? I’m your old LSE contemp, writer, doc-filmmaker, event organiser, suffering with bipolar 2 and ADHD, which have hugely affected my financial well-being," one typed. "A big topic of discussion," a second agreed.

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In the blog, ITV star Martin explained how, in 2016, he set up the Money & Mental Health Policy Institute charity and is still the chair of trustees today and provides the core funding as part of his charity fund.

The 2023 achievements of the charity include suicide prevention with the Department of Health and Social Care's new suicide prevention strategy and other highlights included new rules and regulations for essential service providers, as well as fighting to end unfair mental health insurance charges, helping mental health professionals understand financial problems and third-party Universal Credit help.

It also helped in reducing gambling harms with The Department for Culture, Media and Sport's gambling White Paper and helping major firms improve how they work with customers who have mental health problems, including HSBC UK, Lloyds, Ovo and Nationwide.

Martin said: "The start of 2024 has brought a few rare glimmers of hope, even if it's only that the speed of degradation due to the cost of living crisis has declined. Yet huge swathes of the country are still struggling with their financial and mental wellbeing, and many more are at risk of falling into this cycle.

"So in this election year, we will be redoubling our efforts to end the marriage made in hell that money and mental health problems can be, and ensure attention is focused on it."