The FCA has published feedback from its review of firms’ plans for implementing the motor finance redress scheme.

It found that while most firms demonstrated a good understanding of the scheme requirements, many plans remained too high-level and lacked sufficient detail on practical delivery. The FCA highlighted areas including operational readiness, identifying affected customers, decision-making, redress calculations and payments, quality assurance, and oversight of third-party arrangements.

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Date: 19 August 2026

FICO’s latest UK credit card data shows average active balances reached a new record high of £1,975 in June, 4.7% higher than a year earlier.

Average spending also increased to £835, while the proportion of balances being repaid fell to 33.3%. The proportion of customers missing one, two and three payments was higher than a year ago, pointing to continued underlying affordability pressures.

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Date: 24 August 2026

Energy UK has said publicly that domestic energy debt and arrears may have reached a record £6 billion by the end of June, around £500 million higher than a year earlier. It has warned that the figure could rise further to £7 billion by the end of 2026 if current pressures continue.

The latest estimate builds on Energy UK’s Energy debt: Everyone pays report published earlier this year. That estimated debt and arrears at around £5.5 billion, significantly above the official measure, and warned that the position would continue to deteriorate without coordinated action by government, Ofgem and the industry.

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Date: 27 June 2026