Category: Finance
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Harper Maddox
- 7 August 2025
Rachel Reeves Confronts £50bn Budget Black Hole as Tax Rise Fears Grow
Rachel Reeves has to close a £50bn gap in Britain’s public finances, triggering warnings of higher taxes despite Labour’s election pledges. With slow economic growth and mounting borrowing, tough choices loom over spending and possible new tax hikes.
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Harper Maddox
- 1 August 2025
UK Supreme Court to Decide on Car Finance Mis-selling: What Motorists Stand to Gain (or Lose)
The UK Supreme Court will soon decide if car dealers must reveal their commissions from finance deals, a decision that could reshape car buying and trigger up to £30 billion in payouts. The FCA may set up a compensation scheme, while the government weighs action to soften the blow. The outcome could change how all commission-based sales work.
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Harper Maddox
- 25 July 2025
HMRC Glitch Stops Thousands from Topping Up State Pension Before Deadline
A technical error at HMRC locked thousands out of a chance to top up their State Pension via backdated National Insurance credits. The online system was shut early, just before a key deadline for making contributions for gaps between 2006 and 2018. About 21,000 people are affected and will be contacted to resolve the issue.
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Harper Maddox
- 1 April 2025
Island's Pension Alarm: Isle of Man Scraps Triple Lock as UK's Future Hangs in Balance
The Isle of Man eliminates its pension triple lock for those retiring after April 5, 2019, amid affordability concerns. Meanwhile, the UK's debate intensifies as leaders explore reforms to ensure long-term sustainability while addressing rising costs.
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Harper Maddox
- 23 March 2025
UK Banks Ordered to Pay Millions After IT Failures Disrupt Services
Major UK banks face hefty compensation payouts after IT failures led to over 33 days of customer service disruptions. Barclays anticipates paying up to £12.5 million due to incidents causing widespread online payment issues. The Treasury Committee calls for improved crisis management and customer communication, highlighting the significance of these failures on trust in the banking sector.
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Harper Maddox
- 22 March 2025
Record EuroMillions Jackpot Remains Unclaimed as Hopes Soar
A staggering 143 million euro EuroMillions jackpot went unclaimed on March 11, 2025, pushing the next draw's prize to an estimated 162 million euros. While no one snagged the grand prize, some players still scored big, including French winners who pocketed notable amounts. Despite tough odds, the lottery still captivates millions, with tickets priced at 2.50 euros.
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