In today’s bulletin
General update
Consumer Duty – intelligibility and consumer understanding under the Consumer Duty
Call for evidence: Review of the personal insolvency framework
Consultation outcome on Insolvency Service Official Statistics
IPA communication to IPs
Collaborations
Duty training events
General update
The UK economy grew in the 3 months to June 2023, according to ONS where GDP increased by 0.2% in Q2 and was up 0.5% in June alone. However, a sharp rise in tax payments and cuts to energy subsidies in the UK were to blame for a steep fall in household incomes during the first 3 months of the year, according to the Organisation for Economic Cooperation and Development (OECD).
Concerns are rising around private rental prices as mortgage lending looks like it will contract. UK house prices fell again last month marking the fourth consecutive monthly decline, according to Halifax. Average pay is about to start rising faster than inflation for the first time in over a year,...
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