UK Finance
Coverage of UK Finance in the Nexus archive.
- Scammers keep scoring: Brits fleeced for £1.3B as Americans lose $3.5B to impersonators
Brits lost £1.28 billion to payment fraud in 2025, with 66% of incidents originating from online platforms and 17% from telecoms networks. UK Finance called for stricter regulations on tech and telecoms sectors to combat scams, as authorized push payment (APP) fraud losses rose 19% to over £576 million, driven by investment, romance, and impersonation fraud.
- Britain’s banks demand a seat at the Brexit negotiating table
Britain’s banks, represented by UK Finance, are pushing for financial services to be included in the UK-EU Brexit reset negotiations. They argue the industry has been excluded from key discussions despite its economic significance and seek measures like extended EU market access and mutual rulebook recognition to ease trade barriers.
- UK homebuyers face worst mortgage affordability since 2008, data shows
UK homebuyers face the worst mortgage affordability since 2008, with initial repayments taking up more than a fifth of their gross income. The 'least affordable' areas are mainly in London commuter belt. This data does not yet reflect the impact of the Iran war.