What you need to know this week
- Bank Rate held at 4% following the MPC meeting ending 17 September 2025; governor warns inflation risks remain.
- UK public borrowing in August 2025 reached £18 billion, the highest for that month in five years.
- Cyber-attack affecting Collins Aerospace software caused operational disruption at Heathrow and other European airports.
- Enforcement Conduct Board consultation open on ‘Vulnerability and Ability to Pay’ standards for enforcement activity.
- Phase One consultation on Consumer Credit Act reform (CCA) has closed; Phase Two expected in 2026.
- ICO published cyber-security tips for small businesses and launched Data (Use and Access) Act amendments consultations (closing October).
- FCA motor-insurance interventions: ~270,000 motorists affected and ~£200m in compensation estimated.
- Joint RPB interim guidance: insolvency office-holders should not undertake speculative investigations into historical car-finance / valuation claims.
- Insolvency Service (August 2025): 11,348 individual insolvencies (622 bankruptcies, 4,239 DROs, 6,487 IVAs); DROs at record levels.
- StepChange (August 2025): 89% of clients start advice online; 46% in full-time employment; StepChange registered 4,070 Breathing Spaces (60% of total).
- MEGA.AI raised €1.7m to scale compliant AI voice solutions for regulated customer conversations.
- Key upcoming events: DEMSA webinar 25 Sep 2025 (webinar), Missing Out report webinar 24 Sep 2025, One Voice on Affordability — 9 Oct 2025, Edwardian Hotel, Manchester; StepChange Connected — 16 Oct 2025, Leeds.
Read the full summary – here
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