Despite his net worth being estimated to be around £48 million, the star says he does not want to pay more than he feels is fair.
He continued: “Yes, Your Baronness. I could also afford to buy every corner shop in Hartlepool, but that doesn’t mean I want to.
“And, anyway, as you acknowledge, most of the tens of thousands of people affected by these gigantic insurance premium hikes cannot. And I really do mean gigantic. Some have gone up by 1,200 per cent.”
Jeremy noted that eventually, prices should decrease once developers realise that everyone will flock to an apartment block with cheaper insurance prices. However, until then he believes there should be a conversation about the issue involving like-minded people.