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Interest rates could be cut ‘more aggressively’ by Bank of England, says Andrew Bailey

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Interest rates could be cut 'more aggressively' by Bank of England, says Andrew Bailey

THE Bank of England could be “more aggressive” in cutting interest rates, Governor Andrew Bailey has said.

He claimed that if inflation continues to be held in check then the Bank could “be more activist” in lowering rates.

The Bank of England could be 'more aggressive' in cutting interest rates, Andrew Bailey has said

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The Bank of England could be ‘more aggressive’ in cutting interest rates, Andrew Bailey has saidCredit: Reuters

The news will be a boost to borrowers and particularly the 1.6million homeowners who need to remortgage later this year.

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Last month Mr Bailey had suggested the opposite when saying that interest rates would fall “gradually”.

Money markets now have a near 100 per cent bet that the Bank will cut rates from the current five per cent to 4.75 per cent at its meeting next month.

However, the Pound fell sharply yesterday — with its biggest one-day slump in 18 months — following Mr Bailey’s comments to The Guardian.

It slipped 1.08 per cent against the dollar to $1.31, while dropping by 0.96 per cent against the euro to €1.19.

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Valentin Marinov, head of Group-of-10 FX strategy at Credit Agricole, said: “The best days of the pound rally may be behind us.”

With lenders slashing rates, is now the right time to fix your mortgage? Here’s what the experts think

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McDonald’s reveals iconic menu item is returning to the UK in just DAYS after almost a decade

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McDonald's reveals iconic menu item is returning to the UK in just DAYS after almost a decade

MCDONALD’S has confirmed it is bringing back an iconic burger that hasn’t been seen in the UK for almost a decade – and fans will be delighted.

Social media has been awash with rumours over the past few weeks that the much-loved McRib was making a shock comeback.

The McRib is making a comeback after nearly 10 years away

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The McRib is making a comeback after nearly 10 years awayCredit: Gary Stone

And now, the fast food chain has revealed the legendary burger will indeed be back on sale in just days for the first time since early 2015.

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The menu item will be available across UK restaurants from October 16, just over a week away, for a limited time only.

The burger, which combines a pork patty with tangy barbecue sauce, pickles and onions, will be on sale for £4.49 as an individual item or £6.19 as part of a medium extra value meal.

The burger itself contains 509 calories.

Customers have long begged for the McRib, which first launched in the UK in 1981, to return to menus after it was abruptly removed almost a decade ago.

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Thomas O’Neill, head of menu at McDonald’s UK, said: “We have heard our fans loud and clear – the fan petitions and pleas on social – and after almost a decade of anticipation, we are thrilled to bring back this iconic menu item.

“Knowing how well-loved the McRib is, we had very little choice – we had to make it happen.”

It comes after a mystery message appeared on dozens of McDonald’s customers MyMcDonald’s apps with a glitch that appeared to signify the McRib was returning.

Fast food fans took to X and Facebook two weeks ago sharing images that showed “page not found” and “McRib Test Notification” error messages that had cropped up on their phones.

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Posting on X, one said: ” “Ummm excuse me McDonald’s, we all saw it. THE MCRIB IS COMING BACK!”

Another commented: “McDonald’s thought they could sneak this one by and I wouldn’t notice. McRib coming to the UK.”

Another said “McDonald’s just let everyone in the UK know the McRib is coming back with a broken text notification”, to which a fellow fan replied: “This isn’t an accident, it’s a marketing ploy. Rather clever!”

Axed McDonald’s Breakfast Wrap

OTHER MCDONALD’S MENU CHANGES

McDonald’s regularly shakes up its menu or introduces games to keep customers on their toes.

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The fast food chain recently announced it is adding mini hashbrowns to menus for the first time.

Customers will be able to get the twist on a classic menu item across more than 1,300 UK restaurants from October 16 – the same date the McRib is being relaunched.

Foodies can pick up a five-pack for £1.49 while a 15-piece sharebox will cost £2.99.

Remember though that prices do vary from restaurant to restaurant so you could pay more or less than these prices.

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It is not yet clear whether the hashbrowns will become a permanent menu item, so if you want to give them a go, make sure you’re quick.

Six menu items will also be removed later this month when the McDonald’s Monopoly game comes to a close.

These are the six items that customers will have to wave goodbye to:

  • Philly Cheese Stack
  • Chicken Big Mac
  • Mozzarella Dippers
  • Galaxy Chocolate McFlurry
  • Twix Caramel McFlurry
  • Twix Latte

If you are curious about how the game works and what prizes you can win, read our article here. 

It is worth bearing in mind that McDonald’s regularly updates its menu,  so it is always worth reading updates online to avoid missing out.

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The chain regularly posts on social media informing customers of any upcoming changes.

How to save at McDonald’s

You could end up being charged more for a McDonald’s meal based solely on the McDonald’s restaurant you choose.

Research by The Sun found a Big Mac meal can be up to 30% cheaper at restaurants just two miles apart from each other.

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You can pick up a Big Mac and fries for just £2.99 at any time by filling in a feedback survey found on McDonald’s receipts.

The receipt should come with a 12-digit code which you can enter into the Food for Thought website alongside your submitted survey.

You’ll then receive a five-digit code which is your voucher for the £2.99 offer.

There are some deals and offers you can only get if you have the My McDonald’s app, so it’s worth signing up to get money off your meals.

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The MyMcDonald’s app can be downloaded on iPhone and Android phones and is quick to set up.

You can also bag freebies and discounts on your birthday if you’re a My McDonald’s app user.

The chain has recently sent out reminders to app users to fill out their birthday details – otherwise they could miss out on birthday treats.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

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Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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Exact date discount clothing chain with nearly 200 UK stores to close town centre shop despite 160 objections

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Exact date discount clothing chain with nearly 200 UK stores to close town centre shop despite 160 objections

A DISCOUNT clothing chain store is set to close down despite 160 objections.

An Original Factory Shop in Ben Rhydding will close down on October 19, to make way for a controversial new development.

A drive thru coffee shop will instead be built on the corner of the A65 and Wheatley lane, after it was approved in August.

The Original Factory Shop in Bed Rhydding will close down despite local objections

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The Original Factory Shop in Bed Rhydding will close down despite local objectionsCredit: Alamy

The move has been criticised by locals, with more than with more than 160 people writing to Bradford Council urging the plans be refused, according to The Telegraph and Argus.

A further 61 people signing a petition against the application, which was submitted by The EG Group Ltd and Burley Developments Ltd.

It is currently not known which change will be moving on to the site, however EG Group, founded by the billionaire Issa brothers, operates other sites that include Starbucks, Greggs, and Krispy Kreme.

In a post on its Facebook page this week, the Original Factory Shop, Ilkley said: “We are sorry to let you know our store will close it’s doors on 19th October 2024.

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They added: “We take this opportunity to thank all of the local community and our store colleagues for their support throughout our time here in Ilkley.”

Original Factory Shop has close to 200 stores located around the UK.

The sad news comes amid a wave of store closures across the UK.

Retailers are being squeezed by spiralling rents and mortgage rates as well as spikes in running costs.

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That, combined with the rapid march towards online shopping as the dominant model in the sector, is leaving physical stores on the brink.

An outdoor clothing chain has also launched a huge closing down sale as Trespass closes its store in Coventry.

The activewear brand employs more than 1,500 people in the UK but has shut around half a dozen stores this year.

The date of the closure was not specified at the time, but local media reported that the shutters came down for the last time on September 13.

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Retail woes

Other retailers, such as HomebaseBoots, and Clarks, have been reducing the number of their high-street branches.

Rising rents, energy bills, and the cost of living have also caused many retailers to fail.

Several big retailers have fallen into administration in the past year, including Wilko, Paperchase, and most recently, The Body Shop and Ted Baker.

The Body Shop collapsed into administration on February 13, putting its almost 198 branches at risk of closure.

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Since then, it has closed down 82 locations.

Retailers closing stores in 2024

RETAILERS have been hit by soaring inflation and a downturn in spending due to the cost of living crisis.

High energy costs and a move to shopping online are also taking their toll.

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Some high street shops have closed due to businesses opening up in different locations such as larger retail parks.

Shops may also close due to a number of other reasons, such as rising rents.

We explain which retailers are closing in 2024:

  • Argos – The brand announced plans to close 100 standalone UK branches last year as it looks to move away from the high street and focus on expanding its presence in supermarkets.
  • B&Q – The chain has over 300 shops across the UK, with two stores closing this year due to leases not being renewed. It has plans to open more in 2024 too.
  • Boots – The health and beauty chain announced that it would be closing 300 stores last July. Closures are ongoing and this will see the retailer’s estate reduced from 2,200 to 1,900 shops.
  • Clintons – Clintons mulled plans to close 38 shops in a bid to avoid insolvency late last year. We’ve listed the stores affected.
  • Costa Coffee – The caffeine giant has around 2,000 sites nationwide, so chances are you’ll have one near you. The chain has shut the doors to dozens of its sites recently. We’ve revealed which stores are due to close this year.
  • Iceland – The supermarket has more than 900 stores but closed nearly two dozen sites in 2023, and more selected shops are due to shut.
  • Lidl – The supermarket, which has 950 stores, is changing up shop locations, which has meant that some stores have to close. But the retailer is also looking to open 12 new supermarkets.
  • M&S – M&S, which runs 405 stores across the country, has been closing a string of branches across the country in a blow for shoppers. It’s not all bad news, though, because the chain also has big plans to open dozens of new shops.
  • Trespass – The firm announced in July last year that it was closing six branches, but more are on the way.
  • WHSmith – The retail giant, which runs over 1,100 stores, has shut eight stores since March 2023, but more are coming.

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Help to climb the career ladder when you’re from a less-privileged background

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Help to climb the career ladder when you're from a less-privileged background

CLIMBING the career ladder is tough enough but when you’re working class, it can be even harder.

According to the Government’s Social Mobility Commission, adults with working-class parents are three times as likely to be in a working-class occupation compared to people with professional parents.

There's help for you to climb the career ladder when you're from a less-privileged background

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There’s help for you to climb the career ladder when you’re from a less-privileged backgroundCredit: Getty
Kevin Sterling faced dozens of job rejections until he signed up for Making The Leap’s social mobility programme

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Kevin Sterling faced dozens of job rejections until he signed up for Making The Leap’s social mobility programmeCredit: Supplied

Despite 48 per cent of UK adults considering themselves to be working class, half of big-name firms do not actively seek out working-class talent — but for those who do, the rewards can be exceptional.

When a person works their way up to have a higher income or higher status of job than their parents, it’s known as “upward social mobility”.

According to campaign group the Sutton Trust, enhancing social mobility within UK firms to match the average Western European level could lead to a nine per cent boost in GDP, equivalent to £2,620 per person, or a total of £170billion added to the UK economy annually.

This week sees the annual SOMO Awards — known as the UK’s “social mobility Oscars” — which celebrate employers helping working-class people fulfil their career potential.

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Set up by charity Making The Leap, this year the awards cover firms employing close to 1.3million people representing 20 business sectors.

While finance, law and professional services make up almost half of entries, there has been a big rise in submissions from the creative and media sectors, plus local authority and Government.

Londoner Kevin Sterling faced dozens of job rejections until he signed up for Making The Leap’s social mobility programme.

Kevin, 23, now works as an engineer for Sky, and says: “Before taking the course, it felt like I was stuck in limbo with no end in sight, and got rejection after rejection. I was at my wits’ end.

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“With Making The Leap I took part in activities including networking and mock interviews, which really helped, and I learned how to evaluate myself.

“I’d always been focused on the future, never taking the time to reflect on how far I’ve come, what I’m lacking, and how I can turn my weaknesses into strengths.”

Tunde Banjoko, from Making The Leap, said: “By adopting social mobility initiatives, organisations demonstrate to their staff and customers that they are committed to creating an inclusive workplace while helping to unlock the full potential of talent from all walks of life in society.”

Firms including Sky, Linklaters, Nationwide, KPMG and PWC have all entered and the awards are open to organisations of all sizes.

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A Nationwide spokeswoman said: “We believe the circumstances of a person’s birth shouldn’t determine their outcomes in life. We are dedicated to equitable progression.”

Find out more at somo.uk

How to be a social mobility supportive business

THESE are Making The Leap’s tips to be a social mobility supportive business:

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  • Involve senior leaders: Bosses need to buy-in. It is essential they are involved in order to arrange organisation commitments, budgets and targets.
  • Social Mobility Networks: Work with people in your organisation who have lived experiences in social mobility and consider setting up an internal network.
  • Collect Data: Gather information on employees’ socio-economic background to measure diversity at work. It will highlight the potential to make a positive changes.
  • Have a clear purpose and strategy: This will enable you to report and measure the impact of specific initiatives such as early careers or recruitment. Add it into your DEI, ESG and CSR policies too.
  • Partner with external organisations and charities: To help you gain expertise and widen reach.

TIPS FOR CAREER YOU WANT

COMPETITION to secure a job is at its fiercest in three years, so how to stand out?

Here Jan Hendrik von Ahlen, from Jobleads.com, shares his tips on securing the job you want.

Jan Hendrik von Ahlen shares his tips for securing the job you desire

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Jan Hendrik von Ahlen shares his tips for securing the job you desireCredit: Supplied

Network, Network, Network: Successful networking is all about building relationships.

Reach out to people in your field with a simple message, like asking for advice or sharing something interesting. Be authentic, follow up, stay in touch and help when you can.

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Join a club: Many UK cities have networking groups and business clubs. Chamber of Commerce groups and Business Network International also host events.

These gatherings are great for building connections.

Customise Applications: Read the job description thoroughly and focus on skills and experiences that match what the employer is after.

If you have limited experience, showcase your transferable skills on your CV.

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Build a professional Online Presence: Make sure your LinkedIn profile is up to date with your skills, experiences, and career goals and follow industry trends.

Keep Learning: The job market is always changing, so keep your skills up to date. Take online courses and attend workshops. Showing potential employers you’re committed to growth can make you a more attractive candidate.

Stay Positive, Be Persistent: Every rejection is a step closer to the right opportunity. Keep applying, and don’t be afraid to ask for feedback. Persistence will pay off in the end.

FULL STEM AHEAD

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GO full steam ahead for a STEM career with a visit to New Scientist Live.

The interactive exhibition, which takes place at ExCel London on 12-13 October, features talks and demonstrations from more than 70 leading experts including Neil Lawrence, professor of machine learning at the University of Cambridge.

Also among the speakers is Ayo Sokale, who is one of the UK’s youngest chartered civil engineers.

She said: “New Scientist Live is an excellent opportunity to explore amazing STEM careers like these that often work behind the scenes to shape our world and future.”

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The event will also be streamed online. Find out more at live.newscientist.com.

OCTOBER BLUES?

FORGET the January blues, October is the month when we are ill the most.

Figures from BrightHR show while one third of all sickness occurs in the last three months of the year, it’s October when staff most frequently call in sick.

Typically, October illness rates are 122 per cent above the monthly average, with a 157 per cent spike in flu cases and 164 per cent leap in common cold cases. Mental health-related absences rise by 112 per cent, the highest of any month.

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Alan Price, chief executive at BrightHR, said: “Encouraging a culture of openness where employees feel comfortable discussing their health, and reminding employees of any support in place . . . can also make a significant difference.”

Jobspot

BLUEBIRD CARE is recruiting now for care assistants and customer care managers. Search for opportunities at bluebirdcarecareers.co.uk.

NEXT is recruiting for team managers, team member and van drivers nationally. Find out more at careers.next.co.uk/

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Three easy ideas for alcohol-free drinks to save some cash ahead of Christmas

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Three top tips to make the most of dark skies and check out the constellations

DITCH the booze this month to help save some cash and get a clear head in the run-up to Christmas.

Sober October is a campaign backed by Macmillan Cancer Support — and you can sign up to join in the challenge at gosober.org.uk.

Try our easy ideas for alcohol-free drinks for Sober October

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Try our easy ideas for alcohol-free drinks for Sober OctoberCredit: Getty

Then try these easy ideas for alcohol-free drinks to see you through to November . . . 

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HOT ROSIE: Add hot water to rosemary cordial, which you can make from the Tesco recipe below, for a hot toddy perfect for autumn.

To make the cordial, put the zest and juice from two lemons and a grapefruit into a pan.

Get a handful of rosemary sprigs and strip the leaves into the pan along with 60g of fresh, sliced ginger, 150g of sugar and 250ml of water.

Stir on a medium heat until the sugar dissolves, then reduce the heat to low, stirring for around 15 minutes until it is thicker and fragrant.

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Strain through a sieve and keep in a storage bottle. You’ll need two tablespoons of the cordial added to a cup of hot water to create your toddy.

FAUX G&T: If you love a gin and tonic, try an alcohol-free version of the spirit such as Tanqueray 0.0% and Flor de Sevilla 0.0%, both down to £15 from £17 at Sainsbury’s with a Nectar card.

Selected Fever-Tree tonics are down from £2.10 to £1.80 for 500ml with a Clubcard at Tesco. Try the Spanish clementine flavour with the Flor de Sevilla 0.0% for a lovely fruity drink.

Or the elderflower tonic goes well with the standard Tanqueray 0.0%.

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MULLED APPLE JUICE: Swap mulled cider for apple juice and embrace autumn without the booze.

How to make Taylor Swift’s favourite cocktail

You need to simmer a litre of apple juice with a stick of cinnamon, two or three cloves and orange peel to create the perfect seasonal drink.

If you prefer it sweeter, then just add a couple of spoonfuls of sugar.

  • All prices on page correct at time of going to press. Deals and offers subject to availability.

Deal of the day

Save £16.99 on this sequined dress from H&M

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Save £16.99 on this sequined dress from H&MCredit: H&M

NEED a dress to impress? This sequined number from H&M should do the trick. It’s down from £37.99 to £21.

SAVE: £16.99

Cheap treat

Asda’s whisky, fig and honey flavoured mince pies are just £2.50

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Asda’s whisky, fig and honey flavoured mince pies are just £2.50Credit: Asda

IT’S never too early to start tucking into mince pies. Try Asda’s whisky, fig and honey flavoured versions, £2.50 for a four-pack.

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What’s new?

CO-OP has a double-filled pasta range you don’t require extra sauce to enjoy.

Try brasato and bechamel ravioli, nduja and burrata cappellacci or butternut squash and sage cappellacci . Down to £2.70 from £3.70 until Tuesday.

Top swap

The Pantene Pro-V colour shampoo is £5.99 at Superdrug

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The Pantene Pro-V colour shampoo is £5.99 at SuperdrugCredit: Superdrug
But Lidl’s Cien Pro Vitamin shampoo is just £1.95

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But Lidl’s Cien Pro Vitamin shampoo is just £1.95Credit: Lidl

LOOK after coloured hair with Pantene Pro-V colour shampoo, £5.99, at Superdrug. Or try Lidl’s Cien Pro Vitamin shampoo, for £1.95.

SAVE: £4.04

Little helper

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YOUR radiators will create more warmth if they are dust-free. Try this e-cloth wand, £9, from Dunelm, to get in those hard-to-reach nooks.

Shop & save

Save £7.49 on this Max Factor Priyanka lipstick at Poundland

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Save £7.49 on this Max Factor Priyanka lipstick at PoundlandCredit: Poundland

ADD a touch of elegance to your look with this Max Factor Priyanka lipstick.

It is usually £9.99 but Poundland is selling it, online only, for £2.50.

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SAVE: £7.49

Hot right now

JOIN Tapas Revolution’s loyalty club to get 25 per cent off autumn dishes, Mon–Thur this month. Sign up at tapasrevolution.com.

PLAY NOW TO WIN £200

Join thousands of readers taking part in The Sun Raffle

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Join thousands of readers taking part in The Sun Raffle

JOIN thousands of readers taking part in The Sun Raffle.

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Every month we’re giving away £100 to 250 lucky readers – whether you’re saving up or just in need of some extra cash, The Sun could have you covered.

Every Sun Savers code entered equals one Raffle ticket.

The more codes you enter, the more tickets you’ll earn and the more chance you will have of winning!

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Wetherspoons sued for more than £200,000 after a customer died at one of its pubs

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Wetherspoons sued for more than £200,000 after a customer died at one of its pubs

WETHERSPOONS is being sued for more than £200,000 after a drinker fell to his death from a second-floor window.

The pub chain faces action from the partner of Callum McKeon, who tumbled from an upstairs flat used for storage while looking for a toilet.

Wetherspoons is being sued for more than £200,000 after a drinker fell to his death from a second-floor window, pictured the Golden Lion in Cambs

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Wetherspoons is being sued for more than £200,000 after a drinker fell to his death from a second-floor window, pictured the Golden Lion in Cambs

It is accused of negligence and breach of statutory duty by his partner, Chloe Fletcher-Langley in her High Court action.

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The case follows an inquest which heard a drunk Mr McKeon, 24, was trying to get into the Golden Lion in New-market, Cambs, after a stag do in June 2021.

The dad of three was turned away but went looking for the toilet and staggered into the second-floor flat, where he fell from a window.

A coroner ruled his being able to reach an off-limits area contributed to his death.

READ MORE ON WETHERSPOONS

Speaking after the inquest into his death, Mr McKeon’s mother Tina Bedford said she hoped that lessons would be learned.

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She said: “Callum was a loving son, brother, father, and partner, and is sorely missed by everyone who knew him.

“He was always happy and cheerful, and would have done anything for his three kids, Olivia, Ronnie and Frankie.

“He’d enjoyed a day socialising with his family and friends, and the night shouldn’t have ended like that. If Callum hadn’t been able to access that room, that night, he’d still be with us.

“Callum was loved by so many and his memory will live on.

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“What happened that day could have been prevented with some simple steps to stop Callum ending up where he did.

Inside swanky new £3.5MILLION Wetherspoons pub in town ‘too posh to handle it’… but locals warn punters ‘better behave’

“We just hope that there will be lessons learned, and that another family won’t have to go through what we have had to. We will miss him so much every single day.”

The Sun contacted Wetherspoons for comment.

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My £450,000 lottery win has been slowly ruining my life – relatives I hate are gagging for cash

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My £450,000 lottery win has been slowly ruining my life - relatives I hate are gagging for cash

A LOTTERY winner who scooped a staggering £450,000 says it ruined her life.

The woman became bombarded by her family members who wanted a chunk of her cash.

The woman said her parents believed they deserved the money

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The woman said her parents believed they deserved the moneyCredit: Alamy

She explained how what first started as a dream come true became a living nightmare.

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“I never thought winning the lottery would be anything other than a dream come true,” she wrote on Reddit.

“But here I am, with more money than I ever imagined, and it feels like my life is falling apart.”

Her troubles first started with her boyfriend, who took it upon himself to decide what they would do with the cash.

read more on lottery winners

“I couldn’t believe my eyes—I had won £450,000. At first, I was in shock. I called my boyfriend, James, and he rushed over, equally ecstatic.

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“We were both over the moon, dreaming of what we could do with the money. But the dream quickly turned into a nightmare.”

She said James wanted to quit his job, buy a luxury car and invest in ‘risky’ ventures.

“When I suggested we take things slow and maybe talk to a financial advisor, he got defensive. He accused me of not trusting him and said I was trying to control everything,” she explained.

She won the staggering amount of money after buying a lottery ticket on a whim.

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I won $1m at 28 playing a lottery scratch-off – I swore I wouldn’t be a statistic & after 8 years I have nothing left-

It wasn’t until she saw the number draw on TV and realised she’d won.

The woman added: “Then my family got involved. My parents, who I’ve always had a strained relationship with, suddenly wanted to reconnect.

“They started dropping hints about their financial struggles and how they could use some help.”

After having issues with her parents, her sister also wanted a share of the winnings.

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“My sister, who’s always been jealous of me, outright demanded a share, saying she deserved it for all the times she ‘supported’ me. It felt like they were all looking at me differently, like I was just a bank to them now.”

Her boyfriend started to distance himself from her and they eventually split up.

The lottery winner said that when he moved out, he took some of the money with him as a “parting gift”.

At the time, her parents became “more aggressive” in their demands for the cash.

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Her mum and dad believed they were entitled to her winnings because they’d raised her.

“My sister called me greedy and accused me of abandoning my family. I felt trapped and overwhelmed, unable to make anyone happy,” the woman added.

“I’m alone with my fortune, but I’ve never felt poorer. My family is barely speaking to me, and I’ve lost someone I thought I’d spend my life with.

“I’ve hired a financial advisor and a therapist to help me navigate this new reality, but the emotional toll is immense.”

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