Consumer Duty: what to expect post implementation deadline
Consumer Duty: what to expect post implementation deadlineMay 31, 2023
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UK inflation falls to 8.7%Inflation has finally dipped below double digits dropping by 1.4% to 8.7%, according to the Office for National Statistics (ONS). Despite easing back to its lowest level since March 2022, inflation has remained higher than expected as food prices continued to rise at a near record pace. The ONS said that Consumer Prices Index (CPI) inflation fell to 8.7% in April, down from 10.1% in March, as last year’s energy price hikes were not repeated.
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Bank of England raises UK interest rates to 4.5%The Bank of England has today announced a base rate rise by 0.25 percentage points to 4.5 percent in a bid to curb rising inflation. The Bank’s move - the 12th successive rise in the cost of borrowing since December 2021 - lifts the base rate to its highest level since 2008. The central bank's Monetary Policy Committee (MPC) said it no longer expects the UK economy to enter recession this year.
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Lease accounting
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BREXIT
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General legal and regulatory
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