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The development of Open Banking – the use of technology to provide customers with more control over their accounts and financial services – is one of 17 CMA-imposed changes that will make banks work harder for their customers.
I can confirm today that having consulted further, my Right Honourable Friend, the Communities Secretary will lower the transitional relief cap from 45% next year to 43%, and from 50% to 32% the year after.
The new format sets out clearly the ‘stage 1’ and ‘stage 2’ checking process followed by our caseworkers. This in line with our approach for civil certificated billing.
That investment is only possible because the government is prepared to take the tough decisions to maintain control of current spending.
At the NATO Defence Ministerial in Brussels last month the Sir Michael said that the UK will commit RAF Typhoon aircraft to Romania as part of the NATO Southern Air Policing mission to offer reassurance to Black Sea allies.
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