News about Martin Lewis

Minister for bungling: How Chris Philp boasted of a 'strengthening' pound as it collapsed under PM Liz Truss and was taken to task about house prices by Martin Lewis - amid BBC Question Time furore over Rwanda and Congo gaffe

www.dailymail.co.uk, April 26, 2024
The Policing Minister was laughed at on the BBC debate programme last night for his gaffe, which came as he was grilled about the government's plan to deport migrants who cross the Channel in small boats, to East Africa. He was asked if asylum seekers originating in the Democratic Republic of Congo, could be sent to Rwanda. The two countries neighbour each other and there is an ongoing conflict between the two nations. In response, the minister said: 'Well Rwanda is a different country from Congo, isn't it?' His response sparked laughter and mockery, and gave birth to what will surely become a popular political meme based on Labour shadow minister Wes Streeting's bemused reaction. But Mr Philp, a married father of two and MP for Croydon South has previously hit the headlines for putting his foot in it on other issues as well.

Women talk about being cyberattacked from the harrowing, bizarre, and downright amusing

www.dailymail.co.uk, March 22, 2024
Karen Whybro (left), a 45-year-old Essex woman, recalled one particularly sad occurrence that left her feeling 'intimated.' "I've been cyberflashing on several occasions, including direct messaging on Instagram and AirDrop,' she said. "The AirDrop incident was certainly the most frightening for me because I was in a tube carriage and knew the individual was physically fit enough to access my phone.' I had no idea what he'd do next.' This week, history was made in England and Wales after the first individual in England and Wales was found guilty of a cyberflashing offence (pictured right) after giving a snapshot of his genitals to a 15-year-old teen.

PPI on wheels: How seven million drivers could be in line for payouts in a new scandal

www.dailymail.co.uk, March 19, 2024
After being mis-sold expensive car loans by dealerships for up to seven million dollars, thousands of pounds could be in line for compensation worth thousands of pounds. Since the payment protection insurance meltdown of the late 1990s and early 2000s, the current crisis, which has been dubbed 'PPI on wheels,' may force the banks to write a £13 billion bill.

Martin Lewis reveals how people can make up to £1,000 a year just by changing their bank account - but you need to make sure you jump through 'all the hoops'

www.dailymail.co.uk, March 19, 2024
Martin Lewis (pictured) appeared on This Morning to show how to make money by simply changing your bank account. Many people believe that maintaining the same account for many years is a good thing, according to him. People have been in touch with host Ben Shephard about how they feel. In addition, he has heard people say: "I can't be bothered to go through all the faff of reforming my bank"...I've been with the same bank all my life. What's the point if changing if it's just wages to paying bills?' Some people believe that staying loyal to a particular bank isn't beneficial.

Martin Lewis warns 2.1 million married couples in the United Kingdom who are eligible for a 'large money' reward of more than £1,000 and encourages people to act quickly

www.dailymail.co.uk, March 13, 2024
In yesterday evening's episode of The Martin Lewis Money Show Live on ITV, the British money saving specialist (pictured), 51, discussed the advice. 'There are about 2.1 million couples out there who are eligible for this, but they are not claiming it,' Martin said. The marriage allowance is available to married couples or those in a civil partnership in which one person receives less than £12,570.

Martin Lewis reveals the surprising reasons you may be refused a refund for an item you want to return - and explains how to avoid being caught out

www.dailymail.co.uk, March 12, 2024
And if you have the receipt, Martin Lewis (pictured) has explained the unexpected reasons why you will not get a refund for a product. On Tuesday's This Morning, the money saving specialist, 51, was featured alongside new hosts Cat Deeley and Ben Shephard. The threesome played a 'true or false' game in which assumptions about returning items to the store they were purchased from were used.

After more than one million complaints regarding car financing, Martin Lewis claims motorists could be in line for one of the largest payouts in UK history

www.dailymail.co.uk, March 12, 2024
As more than one million claims regarding car finance have been submitted, Martin Lewis has suggested that motorists could be entitled to one of the largest payouts in UK history. According to MoneySavingExpert.com, millions of consumers have raised questions over how much money they may have been overcharged on the car finance. After the PPI scandal, consumer advocate Martin Lewis said car finance mis-selling has the potential to be the'second highest reclaim payout in UK history.' About 1.1 million email messages have been sent out through a free tool on the MoneySavingExpert.com website, which was designed by Mr Lewis and syringed out to about 30,000 per day. On February 6, the tool and guide were published in reaction to the UK's financial regulator's decision to launch a major probe into illicit and unfair selling practices in the car finance industry.

REPORT ON THE MARKET: The city of Manchester is in the midst of a slumping investigation

www.dailymail.co.uk, March 11, 2024
The Financial Conduct Authority opened an inquiry in January into the possibility of misselling car loans between 2007 and 2021. The watchdog's investigation has sent shock waves throughout the city, with nearly £700 million wiped off the value of the merchant bank Close Brothers in a single session last month.

On This Morning, Britain's only rumpologist reveals how she can reveal the truth of your character by simply looking at your rear end - and guesses 2 out of three celebrities correctly

www.dailymail.co.uk, March 4, 2024
On This Morning, Britain's only rumpologist spoke about rumpology - or reading people's bottoms. Sam Amos (pictured) joined hosts Josie Gibson and a marginally cynical Martin Lewis to look at a handful of derrieres, as well as determine who she was by looking at their backs to see who they were, as well as see if she could tell who they were right from their back. The rumpologist explained that rumpology behaves in the same way as palm reading does, but that rather than focusing on people's hands, the rumpologist is investigating the specifics of their client's bottom. According to Sam, rumpology is an ancient weapon that was used by the Greeks to determine whether someone would be a good soldier.

On an overcrowded train with all seats and standing spaces full and just one working toilet for 500 passengers, ferries passengers were beaten out at "19th century" conditions

www.dailymail.co.uk, February 21, 2024
Customers travelling to Sheffield from London St Pancras Station have been apologised by East Midlands Railway after days of 'appalling' lines and cramped carriages. Guests flocked to use the East Midlands' route over the weekend and Monday, with lines of people waiting outside the station entrance. Many people on board were also uncomfortable, with seat reservations cancelled, and food was crowded and uncomfortable.

Martin Lewis reveals 'no-brainer' ways for UK customers to beat Ofgem price cap and slash energy bills

www.dailymail.co.uk, February 20, 2024
In tonight's episode of The Martin Lewis Money Show Live on ITV, the British money saving specialist discussed the advice. The average household pays £1,928 a year in gas and electricity bills, as they are subjected to a tariff set by the Ofgem price cap, which is adjusted four times a year. However, Cornwall Insight's expert energy analysts expect the price cap to fall by 15%, or £293, to £1,635 a year from 1 April. In the meantime, Martin showed how to beat the price cap by 3 percent by stating: "First of all, quick winner, or virtually everybody can beat the price cap by 3 percent because the E.ON Next Pledge is a volatile tariff, current customers, or you can change to it on Direct Debit, which is 3 percent cheaper than the price cap.'

And with the rise of WFH after Covid, trains could be packed by 2050, as passengers complain that current conditions on some lines are already 'unbearable.'

www.dailymail.co.uk, February 19, 2024
According to a report published today, demand for trains in the UK could be between 33% and 97 percent at the midpoint of the century relative to pre-pandemic conditions. According to a report published by the Railway Industry Association, demand could be between 37% and 97 percent at the midpoint of the century compared to pre-pandemic figures. Pictured is a packed Chiltern Railways train (left); and top right – commuters waiting on a platform.

Can we really expect British banks to police rogue states? Since allegations that Iran used four of the country's top lenders, the City believes it is inaccurate and an outsourcing of responsibility

www.dailymail.co.uk, February 17, 2024
A deadly weapon is money, which is in the custody of rogue states and terrorists. Banks and financial regulators go to great lengths to ensure that dirty money is not sluicing around in their accounts and traveling to criminals or hostile countries. When it was revealed that Iran has used three of the UK's largest high street banks as part of a massive scheme to escape US sanctions, hearts sank across the City.

As the car loan crisis worsens, Close Brothers cut dividends after the shares dropped to their lowest level in nearly 30 years

www.dailymail.co.uk, February 15, 2024
Close Brothers plummeted 29.5 percent after it scrapped its dividend and warned of'serious doubt' about the company's regulatory investigation into the sector. The company's shares, which date back to 1878, are down by 60% since the Financial Conduct Authority opened an inquiry into suspected vehicle loans misselling.

Martin Lewis issues urgent warning to millions of motorists who could be owed thousands after mis-selling scandal - and how to check if you're affected

www.dailymail.co.uk, February 7, 2024
Last night, on his ITV show The Martin Lewis Money Show Live, the UK savings specialist advised viewers to file a lawsuit if they suspect they are owed compensation. Those who bought a car, van, campervan, or motorbike before January 28, 2021 may be eligible, while others may have to pay up to 13 billion pounds', according to the pro. This brand-new mis-selling case is all about hidden commission,' Martin explained on the show. After the Ombudsman recently ruled in favour of two complainants, the Financial Conduct Authority (FCA) has now charged to stop a slew of customer calls.

Martin Lewis reveals key date when you need to move cash you've inherited to different accounts to ensure your money is protected

www.dailymail.co.uk, February 6, 2024
On This Morning, the money saving specialist, 51, was answering questions from viewers, with one of them requesting tips on dealing with a sum of money inherited from the auction of their parents' house. Martin explained that there is a special law in place for those with inheritance money that shields them up to £1 million for six months.

Martin Lewis outlines the'most important weapon' for settling credit card debt, but warns people that circumstances that could result in you paying more than you owe

www.dailymail.co.uk, January 30, 2024
The personal finance guru shared his best advice for taking out balance transfer cards and how to avoid paying more than you need to on ITV's The Martin Lewis Money Show. Lewis cautioned that not everyone will be eligible for a balance transfer card based on their financial situation and credit rating - but that anyone would be encouraged to check into eligibility in the case that they will be approved for a low interest-rate card.

As house prices rise, more than half of over-50s purchasing their first homes have risen, with fewer young people able to buy a house

www.dailymail.co.uk, January 28, 2024
In recent years, house prices have soared so dramatically that many of us are now having to wait until our 50s to buy our first homes. According to statistics, a 28 percent rise in over-50s clambering on to the property ladder at the end of their working lives, a time when most of us would have hoped to have paid off our mortgage and been planning for retirement. Analysis of Financial Conduct Authority (FCA) results by mortgage specialists Tembo shows that a growing number of older first-time buyers have appeared between 2018 and 2022. A decrease of 5,630 18 to 25-year-olds joining the property market, an eight percent drop in the same period, although they find it even harder to save for a deposit.

Martin Lewis reveals how you can make sure you are accepted for a mortgage

www.dailymail.co.uk, January 23, 2024
In tonight's episode of The Martin Lewis Money Show Live on ITV, the British money saving specialist, 51, discussed housing. With guests, including Robert Gardner, the country's chief economist, he discussed mortgage rates and tips for renters. Mortgage rates have finally started to decline, according to Martin, who was eager to answer questions from people at home who were eager to get their first step onto the property ladder. When assessing your application, lenders perform a credit check, so his first recommendation was to ensure you had a good score as a poor one could result in your application being turned down.

In his forthcoming Budget, Martin Lewis presses Jeremy Hunt to enforce 'unfair' child welfare laws

www.dailymail.co.uk, January 22, 2024
Martin Lewis, the site's founder, told the Chancellor that he should rethink the £50,000 threshold at which parents will begin losing their money. Since the policy was introduced in 2013, wages have risen sharply over the past ten years. According to the Institute for Fiscal Studies, one million families - or 13 percent - were affected by the 'high income' charge in 2013. However, 31 percent of Americans will lose some or all of their benefits by 2025 because one parent earns more than £50,000 per year.

Could YOU be missing out on a water discount? According to Martin Lewis, 5.7 million houses could be earning you money in critical savings

www.dailymail.co.uk, January 16, 2024
The thrifty expert explained how you might be able to save on your bill on this evening when appearing on The Martin Lewis Money Show Live on Friday. 'There are two main ones,' he explained, first a social tariff, which is for people with low incomes. The highest low income,' he said, is dependent on the water company, though in some cases it is lower.' 'Or, if you're on Medicaid, that will save your water bill by 90 percent.'

Taken out a car loan?You may be in line for a payday

www.dailymail.co.uk, January 13, 2024
The Financial Conduct Authority has opened an investigation into vehicle loan providers for overcharging customers and unlawfully dismissing their claims. It will spend nine months investigating the UK motor finance market, and it has been speculated that if it finds widespread wrongdoing, it will introduce an automatic compensation scheme that could result in thousands of pounds being paid to customers.

Millions of drivers could be paid out as a result of the mis-selling fiasco, which has been described as 'the new PPI.'

www.dailymail.co.uk, January 12, 2024
Millions of drivers could be eligible for a payout as a result of the finance watchdog's investigation into whether customers were charged inflated car loan rates. According to MoneySavingExpert founder Martin Lewis, the mis-selling fiasco could have a 'PPI type' of £40 billion,' indicating that it may'mean a payout for millions who purchased a car/van on Motor Finance before 2021.' After the Ombudsman recently ruled in favour of two complainants, the Financial Conduct Authority (FCA) has now charged with halting a slew of complaints from consumers.

In a development that could result in compensation for millions of drivers, car loan companies are being investigated

www.dailymail.co.uk, January 11, 2024
The Financial Conduct Authority will spend nine months looking at whether brokerage commissions paid to brokers before 2021 were unreasonable. Experts have warned that if the watchdog finds proof of wrongdoing, the probe could result in billions of pounds in payouts, potentially leading to billions of pounds in the biggest commission controversy since the Payment Protection Insurance (PPI) scandal.