DEMSAPlus

In today’s bulletin: General update Personal insolvency stats for February 2025 QA framework workshop Call for evidence – data intermediaries Government Debt Management Function (GDMF) Functional Centre - Communication Toolkit Collaborations Training Events General update Interest rates were held at 4.5% last week. At its meeting ending on 19 March 2025, the MPC voted by a majority of 8–1 to maintain Bank Rate at 4.5%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 4.25%. Link: https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/march-2025… Read more

In today’s bulletin: General update FCA statement on motor finance review next steps FCA findings around their Consumer Support surveys Testing and reviewing communications with consumers Collaborations Training Events General update The UK economy (GDP) contracted ‘unexpectedly’ in January 2025 by 0.1%, which was weaker than forecast, driven mainly by a decline in the manufacturing sector. Economists had predicted the economy would grow by 0.1% in January, after 0.4% growth in December 2024. Monthly readings can be ‘volatile’, and the… Read more

In today’s bulletin: General update FCA reports on their vulnerability guidance The StepChange 2024 Impact Report Individual Voluntary Arrangements (IVA) outcomes and providers 2024 Tackling scam calls FOS - Quarterly complaints data: Q3 2024/25  Collaborations FCA vulnerability event on 11/3/2025 General update One of the headlines last week was 'Chancellor set to cut welfare spending by billions' is unlikely to raise consumer confidence or be welcome news to those with low financial resilience. Link: https://www.bbc.co.uk/news/articles/c1lpjqg2mp5o We had an interesting discussion… Read more