Martin Lewis Reveals He Was Turned Down For A Place In The House Of Lords

Martin Lewis has announced his application to join the House of Lords has been rejected after being “honest” in the interview process.

Financial journalist Lewis has become a household name over the years for his advice on how to cut costs, but has recently gained further prominence through his attempts to stem the rise in energy prices with regulator Ofgem.

Speaking to BBC journalist and Political Thinking presenter Nick Robinson, the Money Saving Expert explained that he was “again rejected by the House of Lords’ Nominating Committee a couple of weeks ago”.

He explained: “I got a lot more upset last time because I did this really stupid thing where I was honest in the interview.”

Lewis said he always wants to be “open and transparent,” though he admitted he’s “never spoken out about it,” Robinson urged him Thursday.

Lewis explained that the Lords sit from about 3:00 a.m. to 10:00 a.m. on Mondays, Tuesdays and Wednesdays.

“I said to them, look, I need to be clear with you in terms of the hours I can give,” the money-saving expert said.

“I’m very busy at work but most importantly I have a nine year old daughter and until she’s 13 my most important job is to be with her from 6:30 a.m. to 8 p.m. and put her to bed, maybe until she’s 12, no matter. I do not know.

“So I would see my role as learning with limited input for three to five years, and then progressively investing more and more House of Lords time over the next five to 10 years as I become less of a cross-bench peer Time for everything else.”

He claimed he received “very good feedback” from the judges, but hinted that acceptance was a “stumbling block” preventing him from getting the role.

“Although they invited me to reapply in the future,” Lewis added.

When Robinson said he could have been Lord Lewis, the journalist replied: “It’s not about the title – but I’ve spent so much time testifying in politics.”

The presenter said: “You are very reasonable Martin Lewis, is there a part of you that thinks you are as idiotic as the BBC who looked at you as a young producer and held you back?”

Lewis said no because when he received the rejection letter he “sighed with relief” and said it was “probably more sensible” to wait a few more years.

He added: “I don’t know who they’re going to appoint but I hope they have some good people who are willing to put in more time than I can give at the moment because I think it’s going to be done right got to.

“If I did it and didn’t do it right, I would have been scheduled all over the place.”

Lewis also revealed that had he been offered the role, he would have made it clear early on that he planned to make a “gradual transition” to the position.

Lewis has become a stern voice in recent months, urging greater financial support from the government to deal with the cost-of-living crisis.

He claimed Chancellor Rishi Sunak’s spring statement offered “not nearly enough” support and admitted to having “lost my rag” at a meeting with Ofgem over the increase in the cap on energy bills.

When the cap was first announced in April, he told BBC Radio 5 Live: “I think the fear and the scale of the disease[ness] I feel in my stomach… no one could have my mailbag and not feel sick right now.

“I think the only time I can remember is the week of the pandemic before the furlough was announced. When we had no certainty and there was no help… that level of panic.

“And I feel like we’re back for the low paid in society. The difference is that I’m not sure where the help is coming from.”

Lewis has since commended the Treasury for taking some more action to lower the cost of living and was pleased that some of his own suggestions were included. Martin Lewis Reveals He Was Turned Down For A Place In The House Of Lords

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