DEMSA update: Countdown to ‘Intelligibility’ event / Insolvency stats / FCA updates / Collaborations / Events / Training

In today’s bulletin

General updateWater companies face fines for poor customer serviceFCA RFI about ongoing financial advice services and the Consumer DutyPersonal insolvency in January 2024 and DROs in 2023Collaborations & featuresEventsTraining

General Update

Latest GDP figures has indicated that the UK ended 2023 in recession. The figures showed that GDP fell 0.1% in December, following a 0.2% rise in November. GDP was down 0.3% over the three months to the end of December, a second consecutive quarter of negative growth, pushing the UK into a technical recession. The fall reflects weakness across all three major sectors of the economy. Services output fell 0.2% quarter-on-quarter whilst construction output fell 1.3% quarter-on-quarter. Production fell 1.0% quarter-on-quarter. The economy has shrunk by a total of 0.4% over the last two quarters of 2023, triggering a technical recession.

MaPS Bedford office

MaPS has become the second largest employer in Bedford. S...

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