Finance

UK Government Under Pressure to Reform State Pension System Amid Rising Costs

The UK government is grappling with the sustainability of the state pension system, facing calls for earlier increases in the pension age and debates over the triple lock mechanism. With demographic shifts and rising costs, the system is under significant strain, prompting discussions on reforms and targeted support for lower-income individuals.

UK Ticket-Holder Wins £83 Million EuroMillions Jackpot

A single UK ticket-holder has won the £83 million EuroMillions jackpot in Friday’s draw, marking the first UK jackpot win of 2025. The winning numbers were 02, 11, 19, 30, and 49, with the Lucky Stars being 03 and 08.

NatWest Announces Closure of 53 UK Bank Branches in 2025

NatWest is set to close 53 branches across the UK in 2025, reflecting a shift towards digital banking. The closures will affect various locations, with the bank investing in digital solutions and shared banking hubs to support customers.

UK Player Wins €99.4 Million EuroMillions Jackpot

A UK player has won a life-changing €99.4 million in the EuroMillions draw on 24 January 2025, with the winning ticket purchased in the UK. The draw also included the Thunderball results, with a top prize of £500,000.

NatWest Announces Closure of 53 UK Branches Amid Shift to Digital Banking

NatWest is set to close 53 branches across the UK between April and June 2025, continuing its adaptation to the increasing preference for digital banking. This move is part of a broader trend in the banking sector, with over 6,000 branches closed since 2015. The bank is investing in digital infrastructure and exploring alternative solutions to ensure customer access to essential services.

HMRC Announces Major Pension Tax System Overhaul Starting 2025

HM Revenue & Customs (HMRC) has unveiled a significant reform of the pension tax system, effective from April 2025, aimed at correcting the overtaxation of pensioners. This change will automate tax code updates for new private pension recipients, reducing the need for year-end adjustments and refund claims.

Record £158 Million EuroMillions Jackpot Draw Creates 100 Millionaires

In tonight's EuroMillions draw, a staggering £158 million jackpot was up for grabs, with winning numbers including 10, 11, 12, 29, 31 and Lucky Stars 08 and 11. Alongside this, 100 millionaires were created across Europe through the European Millionaire Maker, guaranteeing at least one in the UK. The Thunderball results were also announced with numbers 07, 13, 17, 19, 25 and Thunderball 02. The odds were 1 in 13 for winning any prize, making tonight's draw a life-changing opportunity for participants.