In today’s bulletin
General updateConsumer DutyMaPS open source SFS toolFighting Financial CrimeThe Vulnerability LensLowell Financial Vulnerability infographicEvents
General update
The confirmation of Liz Truss as new PM and the decisive action around energy pricing has been a significant event this week that looks to have been welcomed and seen as a major factor in addressing rising inflation. How this actually impacts businesses and consumers is being worked through, as many have flagged concerns for local businesses and the knock-on impact of this on UK consumers. The Federation of Small Businesses has said the business side of the government plan was still "sparse on detail".
In a busy schedule, the PM announced that the government will limit energy bill rises for all households for 2 years. A typical household energy bill will be capped at £2,500 annually until 2024. This covers England, Scotland and Wales, with an equivalent scheme to be announced in Northern Irelan...
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