The UK Payments Initiative (UKPI) announcement signals a major step forward for open banking and commercial variable recurring payments (cVRP).

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Date: 2 June 2026

Firms that approve financial promotions should be doing more to protect consumers, an FCA review has found.

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Date: 27 May 2026

The Bank of England (BoE) has published its latest Money and Credit statistics for the month of April. The key figures highlight that:

• Net mortgage approvals for house purchases increased to 65,900 in April, above an average of around 63,100 over the previous six months. Approvals for remortgaging were broadly unchanged when compared to March.
• Net borrowing of consumer credit by individuals remained unchanged at £1.9 billion in April, in line with the previous 6-month average of £1.9 billion. Within this, net borrowing through credit cards was £0.8 billion in April, up from £0.7 billion in March. Net borrowing through other forms of consumer credit (such as car dealership finance and personal loans) decreased to £1.0 billion in April, from £1.2 billion in March.

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Date: 2 June 2026

The Money Charity has published its statistics for May. The figures highlight that:

• inflation was 2.8%
• the average credit card debt per UK household was £2,751 in March
• the total unsecured debt per UK adult was £4,504
• the total debt, secured and unsecured, per UK household was £67,625.

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Date: 27 May 2026