In today’s bulletin
General updateFCA communications around Consumer Duty readinessStepChange and The Debt Charity August 2022 statsEvents
A disturbing week for most UK citizens with a very volatile economy and political climate that is not only impacting basic cost-of-living, but also key assets like pensions and house prices. I get a sense that the majority of us are bewildered around the lack of control we have over our own destiny. Tensions between new ministers and the likes of the Bank of England (past and present governors) and the IMF don’t inspire confidence. The markets don’t like surprises and neither do we. Low consumer confidence often results in inertia and people not behaving in the ways expected when increasing interest rates and reversing MPC published decisions on selling government bonds to protect pension investments.
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