In today’s bulletin:
General update
CP25/13 - Changing complaint data reporting
Personal insolvency stats – April 2025
New rules to end BNPL wild-west
Consultation on Consumer Credit Act 1974 (CCA) Reform
Collaborations
Events
Debt Adviser Apprenticeship Scheme
General update
The Consumer Prices Index (CPI) rose by 3.5% in the 12 months to April 2025, up from 2.6% in the 12 months to March. The rise in inflation to 3.5% is probably not unexpected, but highlights the hand-to-mouth media stories at the moment, especially around the economy and what is in store for us humble citizens trying to interpret how our money is being spent. U-turns seem to be the order of the day. Debt advisers need to be vigilant to a range of benefits being tampered with over the coming months, including the 2-child benefit cap. The winter fuel payments continue to rumble on.
Higher-than-expected inflation rate may impact future interest rate cuts. Meanwhile, higher-than-expected government borrowing ...
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