In today’s bulletin:
General update
Budget 2025
StepChange debt statistics – October 2025
Ofgem Debt Relief Scheme – Data sharing
Personal Insolvency Reform (PIR)
Collaborations
Events
General update
We come out of Budget 2025 week with headlines like ‘Minister defends 'pragmatic' U-turn on workers' rights’. Downing Street has also denied that the Chancellor misled the public about the state of the public finances ahead of the Budget.
An interesting presentation from UK Finance on Economic Abuse on Tuesday in the HM Treasury (HMT) ‘Ability to Pay’ sub-group meeting. UK Finance also welcomed the ambitious response from HMT on the 'Reform of the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Supervision Regime'. They believe it indicates a commitment by HMT to consolidate professional services AML/CTF supervision into one Single Professional Services Supervisor (SPSS) within the FCA.
Link: https://www.ukfinance.org.uk/news-and-insight/chief-executive-newslett...
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