What you need to know this week
- The Government will launch a consultation on council tax debt collection practices following sector lobbying.
- UK GDP grew by 0.7% in Q1 2025, with 0.2% month-on-month growth in March.
- Domestic abuse estimates highlight 3.9 million people affected in the past year, with economic abuse and coerced debt in focus.
- 90,140 homeowner mortgages were in arrears in Q1 2025; 2,030 properties were repossessed.
- The Money and Pensions Service (MaPS) has launched a consultation on updated standards, with changes to service design, delivery and monitoring.
- FCA’s Financial Lives 2024 data highlights 9.5 million adults over-indebted and 1.7 million using debt advice in the last year.
- CSA has published a reform proposal for the Financial Ombudsman Service, including potential integration with the FCA.
- National Cyber Security Centre announces new cyber assurance schemes: Cyber Resilience Test Facilities and Cyber Adversary Simulation.
- DRO statistics show over 4,000 people are eligible for refunds after not completing applications; total value £500,000.
- A new training cohort marks the final intake for the Debt Adviser Apprenticeship Scheme on 22 May 2025.
- VRS webinar recording on vulnerability data sharing is now available, including contributions from sector leaders.
- A major debt sector event will take place on 17 June 2025 in Manchester, featuring CSA, StepChange, and others.
Read the full summary – here
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