News and Insight

The UK Finance press office provides industry comment, information and data on banking and finance issues

The UK Finance press office provides industry comment, information and data on banking and finance issues. We have a wide range of spokespeople available to speak to the media.

Journalists and media outlets can contact the press office on 020 7416 6750 or email press@ukfinance.org.uk. A duty press officer is always available via the same contact details for out of hours queries.

We are unable to deal with individual customer queries. Please contact your finance provider directly.

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Industry calls for fresh look on Debt Respite Scheme

10.08.22

Blog

Industry calls for fresh look on Debt Respite Scheme

UK Finance has responded to the Treasury’s (HMT) new statutory debt repayment plan (SDRP) consultation, which introduces a new form of statutory debt solution that allows for most of an individual’s debts to be combined into a single plan.
Leading the charge to CBDC adoption

08.08.22

Blog

Leading the charge to CBDC adoption

As exploration around Central Bank Digital Currencies (CBDCs) deepens globally, we’re now starting to see an increasing appetite for a CBDC in the UK.
Strong and simple, but let’s go further quicker

05.08.22

Blog

Strong and simple, but let’s go further quicker

On Friday 22 July we submitted our response to the PRA’s Consultation Paper 5/22 The Strong and Simple Framework: a definition of a Simpler-regime firm.
Interest rate rise: how are lenders and providers of finance set to support customers?

05.08.22

Blog

Interest rate rise: how are lenders and providers of finance set to support customers?

On Thursday 4 August the Bank of England raised interest rates up to 1.75 per cent. With a recession forecast, cost pressures and skills shortages and deferred tax to pay continuing to challenge businesses, how are lenders and providers of finance set to support customers?
Using AI in a digital zero operations strategy

04.08.22

Blog

Using AI in a digital zero operations strategy

Many of the UK’s financial institutions are undertaking digital transformations with Artificial Intelligence (AI) incorporated into their strategy. By having a modern digital process in place, customers can define workflows that eliminate human errors, and substantially reduce processing costs.
Monthly Economic Insight - August 2022

03.08.22

Economic Insight

Monthly Economic Insight - August 2022

Recent indicators signal tougher economic times ahead, not just for the UK but for the global economy. The IMF’s latest read out of the outlook suggests risks are building and surveys point to this being felt in waning business confidence. Big policy decisions lie ahead for the next UK prime minister and central bankers.
What does the Financial Services and Markets Bill mean for UK capital markets?

03.08.22

Blog

What does the Financial Services and Markets Bill mean for UK capital markets?

The Financial Services and Markets Bill was laid in Parliament on 20 July. This Bill features a host of long-anticipated reforms and sets out the future architecture of financial services regulation in the UK.
A potential UK retail CBDC: the role of the private sector

01.08.22

Blog

A potential UK retail CBDC: the role of the private sector

The Bank of England has not yet made a decision on whether to introduce a UK retail Central Bank Digital Currency (CBDC). However, if it does, it will look to do so in collaboration with the private sector.
A Bill for the ages?

29.07.22

Blog

A Bill for the ages?

Last Wednesday, while most eyes in Westminster were trained on the announcement of the final two Conservative Party leadership candidates, the financial services policy geeks among us were busy refreshing parliament’s website, awaiting the publication of the much-anticipated Financial Services and Markets Bill.