In today’s bulletin:
General update
Scottish debt solutions – Q1 2025/26
Registry Trust Q2 2025 statistics on judgments
Collaborations
Events
General update
I provided an update on the Supreme Court ruling and the FCA follow-up at the start of the week.
Interest rates were reduced to 4% from 4.25% by the Bank of England after some serious contemplation. At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25% to 4%, rather than maintaining it at 4.25%. Inflation remains an underlying concern. It is difficult to ignore rising costs in everyday spending. Officially, prices in the UK rose by 3.6% in the 12 months to June, driven by increases in the cost of food and fuel.
Steve Vaid, Chief Executive at Money Advice Trust, the charity that runs National Debtline, says:
“The cut to interest rates will help people on tracker mortgages, and those looking to buy or remortgage. But for many struggling households, the bigger – and mo...
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