HIGHLIGHTS ¦ DEMSA Newsletter
What you need to know this week
The Bank of England has reduced its growth forecast for 2025 to 0.75% and cut interest rates to 4.5%.Homeowners on mortgage tracker deals will see a typical £29 fall in monthly repayments due to the interest rate cut.Abby Thomas has stepped down as CEO of the Financial Ombudsman Service; interim leadership is in place.The Financial Ombudsman Service will start charging Claims Management Companies £250 per case from April 2025.The FCA has amended or… Read more