Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty
Monetary policy committee, cautious in recent months, expected to respond with cut in interest rates UK inflation falls sharply to 3.2% Business live – latest updates The sharper-than-expected drop in UK inflation to 3.2% last month has eliminated any lingering doubt about whether the Bank of England will
Read MoreUK credit card borrowing rises at fastest annual rate in almost two years
Bank of England says individuals borrowed extra £2.1bn in consumer credit in November Business live – latest updates Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England, as households took on debt to finance the rising
Read MoreFCA stops Verus Financial Services Limited from carrying out regulated activities and tightens asset restrictions
The FCA has removed all regulatory permissions from Verus Financial Services Limited requiring it to stop conducting all regulated activities and imposed a more stringent assets restriction. The action follows concerns that the firm has repeatedly breached an existing asset restriction, which prevented it from selling, transferring or
Read MoreGreater flexibility to be given for setting future contactless limits
People could find it easier to pay using contactless, thanks to greater flexibility and the removal of red tape by the FCA. Banks and payment providers with strong fraud controls will be able to set their own limit for contactless payments, allowing them to better respond to changing
Read MoreInvestigation into WH Smith PLC
We confirm that the FCA has opened an investigation into WH Smith PLC. The investigation concerns potential breaches of UK Listing Principles and Rules and Disclosure and Transparency Rules in relation to the matters announced by WH Smith PLC on 19 November 2025. FCASource
Read MoreFCA welcomes reform to the UK Benchmarks Regulation
The FCA welcomes the Government’s consultation on a new benchmarks regime for the UK. Since the introduction of the current regulatory framework, the financial landscape has evolved significantly. We now have an opportunity to build a regime that is more targeted to current market conditions and to reduce
Read MoreFCA fines former finance directors of Carillion plc (in liquidation)
The FCA has fined 2 former finance directors for their part in misleading statements being issued by Carillion plc. Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion’s UK construction business but failed to reflect this in company announcements or alert the Board
Read MoreUK inflation falls sharply to 3.2% amid slowdown in food price rises
Drop in November annual rate adds to case for Bank of England cut to interest rates on Thursday Analysis: Inflation drop makes Bank of England early Christmas present to Reeves almost a certainty Business live – latest updates UK inflation fell by more than expected in November to
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