What you need to know this week
UK house prices hit a record high in November 2024 (£298,083), with a 1.3% monthly increase, marking the fifth consecutive rise.
Retail footfall increased by 15% week-on-week and was 5% higher compared to the same week in 2023.
Cash usage in shops rose for the second consecutive year, with digital payment trends varying by demographics.
The FCA has launched consultations on regulatory fees (CP24/25) and changes to debt management (CP24/26) for FY 2025/26.
Consumer Duty updates indicate the FCA will focus on customer outcomes, with reports expected by December 2024.
The Financial Inclusion Committee has been established to tackle banking access and affordable credit for vulnerable individuals.
Water companies are consulting on updated Priority Services Registers to better support vulnerable customers by 2025.
The Credit Services Association has appointed Harvey Watson as its new Learning and Development Director.
The Financial Services Compensation Schem...
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