What you need to know this week
The Bank of England reduced interest rates to 5%.
Lenders report expecting higher default rates on home loans.
National Debtline highlights financial struggles affecting UK adults.
FSCS paid £423m in compensation in its annual report for 2023/24.
New research by MaPS stresses the impact of digital money on financial education.
Updates to Debt Relief Orders (DROs) now in effect.
FCA webinar on Consumer Duty reviewed one year after its introduction.
ICO emphasizes the importance of responsible data sharing.
The Gambling Commission launches a significant gambling survey.
Registry Trust reports a decrease in judgments against consumers.
FCA extends complaint handling rules for motor finance.
Credit union stats show significant changes in financial metrics for 2023.
Key Themes
Monetary Policy Adjustments
Bank of England Interest Rate Cut [link]: The Bank of England's decision to cut rates is a response to prolonged economic pressures, aimed at easing fina...
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