What you need to know this week
- UK economic growth remains weak, with 0.1% GDP growth in Q3 2025 and unemployment rising to 5%, raising expectations of a December interest rate cut.
- Energy debt repayment plans are lengthening significantly, with electricity arrears taking 97 weeks longer to clear compared with 2024.
- Product Sales Data (PSD) submissions under PS24/3 began on 11 November 2025, affecting creditors and debt buyers; CCR009 returns from the debt sector will follow in early 2026.
- Motor insurance premiums have fallen for three consecutive quarters, with average premiums £56 lower year-on-year.
- Homeowner and BTL mortgage arrears fell in Q3 2025, though possessions rose slightly but remain below long-term averages.
- Second charge mortgage lending rose sharply, with a 22% increase in volumes and 36% growth in value year-on-year.
- FCA continues to emphasise the tension between growth agendas and robust consumer protection, including oversight of BNPL and digital loan journeys.
- StepChange research highlights accessibility challenges for neurodivergent customers, with 97% reporting greater difficulty managing debt.
- ICO supports the introduction of the Cyber Security and Resilience Bill, strengthening obligations for incident reporting and regulator enforcement.
- Insolvency Service data shows continued Breathing Space compliance issues requiring creditor reminders.
- Households on water social tariffs increased by 22%, with 2m customers receiving support and rising registration on Priority Service Registers.
- FCA review finds many unregulated credit score builder products fail to deliver improved outcomes and may create consumer harm.
Read the full summary – here
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