UK money news stories - 23 July 2025

Will the UK State Pension Age Rise Sooner Under New Reforms?

The Government has launched a new review into the state pension age and revived the Pensions Commission as part of a major intervention into retirement savings. In addition, the Treasury has warned of falling standards of living in retirement over the next 25 years as nearly half of working adults in the UK are not saving into a pension.

Water ombudsman will be created - as major report into 'broken' industry published

Households have been promised stronger protections against water companies and a single point of contact for complaints, with a new water watchdog that can take action against suppliers that’s legally binding. The announcement comes as trust in water companies hits an all time low.

Barclays Rainy Day Saver: rate drops to 4.36%

With the rate falling for the third time this year, is the Rainy Saver account worth paying £5 a month for? Here’s our analysis and what other accounts might be preferable.

Are we willing to drop cash Isas and take more risks with our money?

With the Government keen to encourage savers to invest, what’s holding us back? Experts have given their thoughts about why we’re reluctant to put our money in stocks and shares and what needs to be done.

EU commissioner shocked by dangers of some goods sold by Shein and Temu

If you’re a Shein or Temu fan, be warned - the EU commissioner has warned of dangerous and toxic goods being sold on the websites including baby soothers that pose a choking hazard. He’s now waiting for results of an EU-wide secret shopper operation to further test whether Chinese retailers are bypassing EU laws.