
Katharine Braddick has been appointed Deputy Governor for Prudential Regulation and Chief Executive of the PRA, effective 1 July, for a five‑year term. She moves from Barclays, where she served as Group Head of Strategic Policy, bringing rare private‑sector banking experience to the Bank of England. The appointment reflects the UK government’s push for a regulator that balances resilience with growth‑friendly policies. Braddick will oversee supervision of banks, insurers and investment firms while sitting on key policy committees.

The Ministry of Justice (MOJ) has released a comprehensive set of accounting officer assessments for its programmes and projects within the Government Major Projects Portfolio (GMPP). The page lists more than 70 documents, ranging from prison construction and houseblock expansions...

HM Treasury and the Department for Science, Innovation and Technology have issued new guidance on using digital identities for Money Laundering Regulations (MLR) compliance. It specifies that only digital verification services listed on the GOV.UK Register and certified under the...

The UK government released a policy paper on 26 February 2026 outlining the public service pension increase for the coming year. Pensions that have been in payment for a full year will rise by 3.8 % starting 6 April 2026, matching the September‑to‑September CPI rise....

On 26 February 2026, HM Treasury published the accredited official statistics public expenditure outturn for February 2026. The release includes detailed analyses of government spending across departments, functions, and economic categories, benchmarked against budget and expenditure‑on‑services frameworks. Accompanying Excel files...

The UK Treasury’s Money Laundering Advisory Notice was updated on 26 February 2026 to reflect the latest FATF decisions on High‑Risk Third Countries (HRTC). The revision aligns the UK’s list with jurisdictions identified by FATF as having weak anti‑money‑laundering and terrorist‑financing controls....
HM Treasury released the Statement of Excesses for the 2024‑25 financial year on 25 February 2026. The 16‑page document asks Parliament to approve any departmental outlays that exceeded the original estimates. It details spending that fell outside the plans set...

On 28 May 2024 the Office of Financial Sanctions Implementation (OFSI) re‑issued General Licence INT/2024/4761108 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. The licence authorises individuals to use retail banking services of a designated credit or financial institution, provided any payments...

The UK government published an updated Charter for Budget Responsibility (Autumn 2025) on 26 January 2026, with a final version laid in Parliament on 23 February 2026. The revision makes small technical changes to operationalise the Budget 2025 pledge for an annual fiscal‑rules assessment, dovetailing with...

From April 2026 the UK government will introduce two permanent business‑rates multipliers for retail, hospitality and leisure (RHL) properties with rateable values under £500,000, set 5 p lower than the national multipliers. The small‑business multiplier covers properties below £51,000 RV, while...

HM Treasury announced an open, competitive recruitment campaign to appoint a new Chair of the Office for Budget Responsibility (OBR). The Chair, who leads the Budget Responsibility Committee, will be selected by the Chancellor and must receive Treasury Committee consent....

The Office for National Statistics (ONS) and HM Treasury have published the Public Sector Finances bulletin for January 2026, delivering the latest estimates of public‑sector net borrowing, net debt and the current budget deficit. The release includes a 51‑page PDF and...

HM Treasury published its monthly "Forecasts for the UK economy" comparison on 18 February 2026. The 27‑page PDF presents short‑term forecasts for 2026‑27 and financial year 2025‑26/2026‑27, alongside medium‑term projections through 2030 and FY 2029‑30. The data reflect only the views of a selected...