Martin Lewis (financial journalist)
Encyclopedia
Martin Steven Lewis is journalist
Journalist
A journalist collects and distributes news and other information. A journalist's work is referred to as journalism.A reporter is a type of journalist who researchs, writes, and reports on information to be presented in mass media, including print media , electronic media , and digital media A...

, television presenter, website entrepreneur and author
Author
An author is broadly defined as "the person who originates or gives existence to anything" and that authorship determines responsibility for what is created. Narrowly defined, an author is the originator of any written work.-Legal significance:...

 in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

, who specialises in ways to save money. He is often referred to in the media as a "consumer campaigner" or "consumer champion" and goes by the (trademarked) title of "Money Saving Expert".

Early years

Born at Withington Hospital in Manchester before it became a community hospital
Community hospital
A Community hospital can be purely a nominal designation or have a more specific meaning. Specific mention of Community hospitals is encountered in the following countries:-- Thailand :...

 in 1972, Lewis's family moved south west from Didsbury
Didsbury
Didsbury is a suburban area of the City of Manchester, in Greater Manchester, England. It lies on the north bank of the River Mersey, south of Manchester city centre, in the southern half of the Greater Manchester Urban Area...

 to Cheshire
Cheshire
Cheshire is a ceremonial county in North West England. Cheshire's county town is the city of Chester, although its largest town is Warrington. Other major towns include Widnes, Congleton, Crewe, Ellesmere Port, Runcorn, Macclesfield, Winsford, Northwich, and Wilmslow...

 while still young. Martin grew up in Norley
Norley
thumb|right|200px|Map of civil parish of Norley within the former borough of Vale RoyalNorley is a village and civil parish in the unitary authority of Cheshire West and Chester and the ceremonial county of Cheshire, England. It lies to the north of Delamere Forest, near the village of Cuddington...

 near Delamere Forest
Delamere Forest
Delamere Forest or Delamere Forest Park is a wood in the Cheshire West and Chester area of Cheshire, England, near the town of Frodsham. It includes of mixed deciduous and evergreen woodland, centred at around , making it the largest area of woodland in Cheshire...

 in Cheshire
Cheshire
Cheshire is a ceremonial county in North West England. Cheshire's county town is the city of Chester, although its largest town is Warrington. Other major towns include Widnes, Congleton, Crewe, Ellesmere Port, Runcorn, Macclesfield, Winsford, Northwich, and Wilmslow...

 and attended the independent King's School in Chester
Chester
Chester is a city in Cheshire, England. Lying on the River Dee, close to the border with Wales, it is home to 77,040 inhabitants, and is the largest and most populous settlement of the wider unitary authority area of Cheshire West and Chester, which had a population of 328,100 according to the...

. Martin went on to study government and law at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

. After graduating he spent a year as elected general secretary of the LSE Students' Union
LSE Students' Union
The London School of Economics Students' Union is the representative and campaigning body for students at The London School of Economics and Political Science...

. After this he worked for London financial public relations firm Brunswick and did stand-up comedy part time. In 1997, he left to do a postgraduate degree in broadcast journalism from Cardiff University
Cardiff University
Cardiff University is a leading research university located in the Cathays Park area of Cardiff, Wales, United Kingdom. It received its Royal charter in 1883 and is a member of the Russell Group of Universities. The university is consistently recognised as providing high quality research-based...

's Centre for Journalism Studies.

After graduating he went to work at the BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...

 Business Unit as a producer on BBC Radio Five Live
BBC Radio Five Live
BBC Radio 5 Live is the BBC's national radio service that specialises in live BBC News, phone-ins, and sports commentaries...

 business programmes and was then an editor of the BBC Radio 4
BBC Radio 4
BBC Radio 4 is a British domestic radio station, operated and owned by the BBC, that broadcasts a wide variety of spoken-word programmes, including news, drama, comedy, science and history. It replaced the BBC Home Service in 1967. The station controller is currently Gwyneth Williams, and the...

's Today Programme
Today programme
Today is BBC Radio 4's long-running early morning news and current affairs programme, now broadcast from 6.00 am to 9.00 am Monday to Friday, and 7.00 am to 9.00 am on Saturdays. It is also the most popular programme on Radio 4 and one of the BBC's most popular programmes across its radio networks...

business slot. This was followed by the satellite TV channel Simply Money presented by Angela Rippon
Angela Rippon
Angela M. Rippon, OBE, born 12 October 1944, Plymouth, Devon, England, is an English television journalist, newsreader, writer and presenter. Rippon presented radio and television news programmes in South West England before moving to BBC One's Nine O'Clock News, becoming a regular presenter in 1975...

, where he developed the Money Saving Expert role.

After Simply Money ended in 2001, Lewis started writing a Deal of the Week column in the Sunday Express, and doing MoneySavingExpert slots on Channel 5's Open House with Gloria Hunniford
Gloria Hunniford
Gloria Hunniford is a Northern Irish TV and radio presenter, and formerly a singer.-Biography:...

; and being interviewed on BBC Radio 4's Money Box
Money Box (radio)
-History:Money Box began in October 1977 with Louise Botting as presenter. It was the first personal finance radio programme, and even today in the UK, it is one of the few. The programme You and Yours, also on Radio 4, also includes much about personal finance, fraud and scams...

and as a business and personal finance reporter for BBC1 Breakfast News.

TV and radio career

He had a peak time
Prime time
Prime time or primetime is the block of broadcast programming during the middle of the evening for television programing.The term prime time is often defined in terms of a fixed time period—for example, from 19:00 to 22:00 or 20:00 to 23:00 Prime time or primetime is the block of broadcast...

 programme on Five called It Pays to Watch!
It Pays to Watch!
It Pays to Watch! is a money saving show presented and written by money saving expert Martin Lewis, co-presented by Ruth Liptrot. It airs on UK terrestrial Channel Five...

as well as presenting money special editions for ITV1
ITV1
ITV1 is a generic brand that is used by twelve franchises of the British ITV Network in the English regions, Wales, southern Scotland , the Isle of Man and the Bailiwicks of Jersey and Guernsey. The ITV1 brand was introduced by Carlton and Granada in 2001, alongside the regional identities of their...

's Tonight
Tonight (TV series)
Tonight is a British television newsmagazine, produced by ITV Studios and ITN for the ITV network. Since 1999, Tonight replaced the long-running investigative series World in Action...

, and is regular "Money Saving Expert" on several others (including a weekly slot on Daybreak
Daybreak (ITV)
Daybreak is the weekday breakfast television programme on the British commercial ITV network that broadcasts on weekday mornings from 06:00 to 08:30 and is currently presented by Adrian Chiles and Christine Bleakley from Monday to Thursday with Dan Lobb and Kate Garraway on Fridays...

and Lorraine
Lorraine (TV programme)
Lorraine is the early weekday morning, lifestyle and entertainment show for the British ITV network, presented by Lorraine Kelly. ITV Breakfast produces Lorraine, which airs every weekday from 08:30 until 09:25, following Daybreak...

). He also appears on ITV1
ITV1
ITV1 is a generic brand that is used by twelve franchises of the British ITV Network in the English regions, Wales, southern Scotland , the Isle of Man and the Bailiwicks of Jersey and Guernsey. The ITV1 brand was introduced by Carlton and Granada in 2001, alongside the regional identities of their...

's This Morning
This Morning (TV series)
This Morning is a British daytime television programme broadcast on ITV. As of September 2011, its main presenters are Phillip Schofield and Holly Willoughby, and Ruth Langsford and Eamonn Holmes, with various other presenters standing in for illness or contributing to sections of the programme.The...

, Five's The Wright Stuff
The Wright Stuff
The Wright Stuff is a British television chat show, hosted by Matthew Wright, and currently airing on Channel 5 each weekday morning from 9:15 to 11:10am....

and often appears as a guest expert on many news and other programmes.

He has a regular phone-in on BBC Radio 2
BBC Radio 2
BBC Radio 2 is one of the BBC's national radio stations and the most popular station in the United Kingdom. Much of its daytime playlist-based programming is best described as Adult Contemporary or AOR, although the station is also noted for its specialist broadcasting of other musical genres...

's Jeremy Vine
Jeremy Vine
Jeremy Guy Vine is a British author, journalist and news presenter for the BBC. He is known for his direct interview style and exclusive reporting from war-torn areas throughout Africa...

 show and BBC Radio 1
BBC Radio 1
BBC Radio 1 is a British national radio station operated by the British Broadcasting Corporation which also broadcasts internationally, specialising in current popular music and chart hits throughout the day. Radio 1 provides alternative genres after 7:00pm including electronic dance, hip hop, rock...

's Jo Whiley
Jo Whiley
Johanne "Jo" Whiley is a British radio disc jockey and television presenter. She was the host of the long running weekday Jo Whiley Show on Radio 1.-Early life and education:...

. He had his own daytime television series on ITV1
ITV1
ITV1 is a generic brand that is used by twelve franchises of the British ITV Network in the English regions, Wales, southern Scotland , the Isle of Man and the Bailiwicks of Jersey and Guernsey. The ITV1 brand was introduced by Carlton and Granada in 2001, alongside the regional identities of their...

 during December 2005 called Make Me Rich and also often appeares on the BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...

 programme Watchdog
Watchdog
Watchdog may refer to:Dog*Guard dog, a dog that barks to alert its owners of an intruder's presenceIn computing* Watchdog timer, a device in computer softwareConsumer protection...

.

Newspapers

He has a fortnightly column in the Sunday Post and a monthly regional syndicated column in the Manchester Evening News
Manchester Evening News
The Manchester Evening News is a regional daily newspaper covering Greater Manchester in the United Kingdom. It is published every day except Sunday and is owned by Trinity Mirror plc following its sale by Guardian Media Group in early 2010. It has an average daily circulation of 90,973 copies...

and the Express & Star
Express & Star
The Express & Star is an evening newspaper based in Wolverhampton, England, published Monday to Saturday in nine different editions covering the Black Country, Birmingham and the wider West Midlands area from Tamworth to Kidderminster. It as widely perceived as being moderately right-wing...

 amongst others. He has been a past columnist for the Sunday Times
The Sunday Times (UK)
The Sunday Times is a Sunday broadsheet newspaper, distributed in the United Kingdom. The Sunday Times is published by Times Newspapers Ltd, a subsidiary of News International, which is in turn owned by News Corporation. Times Newspapers also owns The Times, but the two papers were founded...

, News of the World
News of the World
The News of the World was a national red top newspaper published in the United Kingdom from 1843 to 2011. It was at one time the biggest selling English language newspaper in the world, and at closure still had one of the highest English language circulations...

, The Guardian
The Guardian
The Guardian, formerly known as The Manchester Guardian , is a British national daily newspaper in the Berliner format...

and the Sunday Express. All his columns are on the theme of saving money.

Books

He is the author of two bestselling books, The Money Diet and The Three Most Important Lessons You've Never Been Taught and edited another, Thrifty Ways for Modern Days, which was based on contributions to a forum on his website.

Internet career

Lewis created, runs and 100% owns (both personally and through his company Moneysavingexpert.com) the website MoneySavingExpert.com
MoneySavingExpert.com
MoneySavingExpert.com is a British consumer finance information and discussion website founded and owned by financial journalist Martin Lewis in February 2003 with the aim of providing information and journalistic articles enabling people to save money....

.

As of April 2008 it was ranked the biggest consumer and personal finance site in the UK with over 7 million users each month and over 3 million receiving the Martin's Money Tips weekly e-mail.

The website was designed for Lewis for a cost of £100 in February 2003. There is a team of 23 full time members of staff at "MoneySaving Towers" in Shepherd's Bush
Shepherd's Bush
-Commerce:Commercial activity in Shepherd's Bush is now focused on the Westfield shopping centre next to Shepherd's Bush Central line station and on the many small shops which run along the northern side of the Green....

, west London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

. The website carries no advertisements, but rather affiliate links
Affiliate marketing
Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's own marketing efforts...

 to other websites and thereby receives commission for purchases made and/or clicks through.

In August 2008, the company via which Lewis owns the website changed from being a limited company Martin S Lewis Ltd to an unlimited company
Unlimited Company
An unlimited company or private unlimited company is a hybrid company incorporated either with or without a share capital but where the liability of the members or shareholders is not limited - that is, its members or shareholders have a joint, several and unlimited obligation to meet any...

 Moneysavingexpert.com. This form of company is relatively rare, and means Lewis has unlimited personal liability for the company; the advantage of this setup to him is that the company no longer needs to submit its accounts to Companies House
Companies House
Companies House is the United Kingdom Registrar of Companies and is an Executive Agency of the United Kingdom Government Department for Business, Innovation and Skills . All forms of companies are incorporated and registered with Companies House and file specific details as required by the...

 and thus his earnings from the website are not in the public domain but private. The last published accounts that are available, for the year ended 31 October 2006, showed assets of £1.14m, a level at which abbreviated accounts (only including a balance sheet
Balance sheet
In financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of a sole proprietorship, a business partnership or a company. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. A...

) need be filed.

The website's yearly profit isn't known, but the 2006 accounts show payments due (including company taxes and any other current debts) of £1.15 million.

Charity

Lewis set up a charitable foundation called MSE Charity Fund and donates some of the profits to it. £500,000 as of July 2011 has been donated by him . This money is in turn distributed: two thirds to the MSE Charity and the rest to five other charities nominated by site users.

Bank charges

In late 2005, campaigns against what were claimed to be unfair bank charges gained momentum and a few small websites started to highlight the issue. Lewis was at the forefront of the media campaign to reclaim what he states are unfair and unlawful fees charged by UK banks. He presented the first mainstream television programme on how to get your money back (ITV1
ITV1
ITV1 is a generic brand that is used by twelve franchises of the British ITV Network in the English regions, Wales, southern Scotland , the Isle of Man and the Bailiwicks of Jersey and Guernsey. The ITV1 brand was introduced by Carlton and Granada in 2001, alongside the regional identities of their...

's Tonight
Tonight (TV series)
Tonight is a British television newsmagazine, produced by ITV Studios and ITN for the ITV network. Since 1999, Tonight replaced the long-running investigative series World in Action...

) and in November 2006 published a step-by-step guide, including template letters, which speedily achieved its millionth download in February 2007 and by August 2007 had over four million downloads as well as regularly appearing across the media to champion the issue.

His campaign suffered a major setback in November 2009 when the Supreme Court ruled that the charges imposed by banks formed part of their fees for current account services and could not be assessed for fairness under the Unfair Terms in Consumer Contracts Regulations. Although in the following days he announced that in association with other consumer groups he had hired Ray Cox QC (a barrister with previous experience of banking cases) to look into new legal arguments for account holders wishing to reclaim charges, which might possibly use regulation 5 of the Unfair Terms act as suggested by the Supreme Court Judgement,
This attempt suffered a further setback when, on 22 December 2009, the Office of Fair Trading (OFT) issued a statement saying that it had decided against taking forward such an investigation because it "would have a very limited scope and low prospects of success".
The updated template letters allowing individuals to attempt to recover bank charges individually was further delayed from the promised date of the third week of January 2010 eventually being published late on 2 February 2010 although that then concentrated mainly on reclaiming on financial hardship grounds only, with hopes for further information regarding claims on legal grounds made via courts to "go live in the next couple of weeks"; the guide was eventually published late on 24 February 2010.

Lewis initially admitted "our instinctive guess is even with the new argument there is only a 10-20% chance of most people now getting charges back". although in his later updated guide said in relation to claiming via the courts the "chances of success are impossible to work out" and also "if you’ve had charges and don’t fit the Ombudsman’s criteria, it’s at this point you may need to accept you won’t get your money back or at least wait to see others are successful.".

Council Tax

In January 2007, he presented a programme Tonight
Tonight (TV series)
Tonight is a British television newsmagazine, produced by ITV Studios and ITN for the ITV network. Since 1999, Tonight replaced the long-running investigative series World in Action...

on Council Tax Cashback, a campaign to get everyone in the UK to check and potentially challenge their Council Tax
Council tax
Council Tax is the system of local taxation used in England, Scotland and Wales to part fund the services provided by local government in each country. It was introduced in 1993 by the Local Government Finance Act 1992, as a successor to the unpopular Community Charge...

 band, that first started on his website and has led, according to his website, to "many" backdated windfall payments resulting from thousands of claims.

Energy bills

In summer 2008, Lewis appeared on several television & radio programmes exhorting consumers to "cap your energy bills now", based on the prediction that there would be a further round of price increases at the end of 2008. "Capping prices" involved consumers locking themselves into rates higher than prevailing un-capped rates. After that point British Gas announced an increase of 30% on its un-capped prices, though in January 2009 UK energy companies' un-capped prices were reduced by up to 10%.

Information published by Uswitch
USwitch
uSwitch.com is a UK-based price comparison and switching website started in 2000. The site allows consumers to compare prices for a range of energy, personal finance, insurance and communications services...

, a price comparison site whose business motivation is to encourage frequent switching between energy suppliers, after the price cuts, in February 2009, suggested that "Those who were savvy enough to sign up to a competitive fixed-price plan last summer, before some increases in wholesale energy were passed on, are sitting pretty as prices would need to drop by 16% on average before it would be worth moving" but failed to be clear about which specific capped deals it was basing this assertion on, and when it was sensible to have committed to a capped rate deal.

Others

Other large scale campaigns, with ensuing television programmes, include reclaiming payment protection insurance (it is predicted that this may grow to the same scale as bank charge reclaiming), reclaiming mortgage exit fees and reclaiming credit card charges, all of which have resulted in over 100,000 template letter downloads, according to Lewis' website.

Personal life

Lewis married long-time partner, former 5 News weather presenter Lara Lewington
Lara Lewington
Lara Lewington is a British freelance weather and television presenter. An NCTJ trained journalist, she has a Bachelor of Arts degree in sociology and drama.-Early career:...

, on 31 May 2009.

Other than money saving, Lewis declares his interests as playing Scrabble
Scrabble
Scrabble is a word game in which two to four players score points by forming words from individual lettered tiles on a game board marked with a 15-by-15 grid. The words are formed across and down in crossword fashion and must appear in a standard dictionary. Official reference works provide a list...

, golf
Golf
Golf is a precision club and ball sport, in which competing players use many types of clubs to hit balls into a series of holes on a golf course using the fewest number of strokes....

 and reading historic novels. Being born a few miles from Maine Road
Maine Road
Maine Road was a football stadium in Moss Side, Manchester, England that was home to Manchester City F.C. from its construction in 1923 until 2003...

 in 1972, he is a keen supporter
Manchester City F.C. supporters
Since their inception in 1880 as St. Mark's , Manchester City F.C have developed a loyal, passionate and dedicated fanbase.Despite finishing 5th in English football's top division, the club were the third best supported team in English football by average league attendance in the 2009–10 season and...

 of Manchester City.

Books

  • (2005) The Money Diet: The Ultimate Guide to Shedding Pounds Off Your Bills and Saving Money on Everything!, Vermilion
    Ebury Publishing
    Ebury Publishing is a division of the Random House Group Ltd, and is a well-known publisher of general non-fiction books in the UK.Under its umbrella are the imprints BBC Books, Ebury Press, Rider, Time Out and Vermilion—each with their own, distinct identity and specialist areas of...

  • (ed 2006) Thrifty Ways for Modern Days, Vermilion
  • (2008) The Three Most Important Lessons You've Never Been Taught: MoneySavingExpert.Com, Vermilion

External links


Articles

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