Martin Lewis – Latest stories from Nourish

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Martin Lewis praises UK’s move on energy bills but warns reforms on student loans and savings limits could hit consumers hard.

Stories involving Martin Lewis

UK Cuts Cash ISA Limit to £12K

The UK government announced a reduction in the annual cash ISA limit from £20,000 to £12,000 starting April 2027, excluding over-65s. The move aims to promote investment but faces criticism over its potential to discourage savings and increase complexity, with additional reforms to pension schemes and higher taxes on savings income.

Major Lottery Changes and Record Wins

A new US lottery game launches in late February, offering top prizes of $1 million annually for life. Meanwhile, recent jackpot winners include a Georgia player claiming $983 million Mega Millions, a mother in Illinois winning $350,000, and a UK player securing £15 million. These wins highlight the ongoing appeal and life-changing potential of lotteries worldwide.

Energy Bills Shift in UK, US States Face Rising Costs

The UK government will from April shift recovery of the warm home discount from standing charges to unit rates, reducing household bills by £40. Meanwhile, California and other US states see energy costs rise due to wildfire costs and policy decisions, with California experiencing a 39% increase over six years. US states consider suing fossil fuel companies over climate-related insurance hikes.