What you need to know this week
UK interest rates held at 4.75% until February 2025, despite inflation exceeding targets.
Private renters face significant financial pressures, with over half struggling to meet bills and credit commitments.
Ofwat confirms a 36% rise in water bills by 2029 to fund £104 billion in sector upgrades.
FCA extends motor finance complaints deadlines to December 2025, following recent court rulings on discretionary commission disclosures.
StepChange highlights financial vulnerability in the rental sector, advocating for reforms through the Renters’ Rights Bill.
Persistent debt rules are under review for simplification by 2025, potentially easing compliance burdens.
AI adoption in UK financial institutions reaches 65%, delivering benefits across risk functions and operations.
The FCA raises concerns about impulsive decision-making among young investors, linking it to broader Consumer Duty objectives.
Collaboration between Qualco and Sopra Steria supports Crown C...
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