AGP Executive Report
Last update: an hour agoDigital ID Reversal: Incoming PM Andy Burnham says he’ll scrap the UK’s national digital ID scheme on taking office, redirecting money to cost-of-living help while letting digital driving licences proceed. Regulatory Scrutiny: Reuters reports the FCA is tightening conduct and fitness rules for non-bank financial firms from 1 September, with serious bullying, harassment and violence now in scope—pushing some employers to act early on suspected misconduct. Retail Investing Push: Barclays drops its Direct Investing customer fee from 31 May, making it free to hold investments (though dealing charges still apply), aiming to remove barriers for new investors. Banking Service Changes: Santander will stop sending annual fee statements from August, pushing customers to check costs via online and mobile banking. State vs Investor Clash: China’s Jingye Group demands compensation after the UK nationalised British Steel, warning of arbitration and retaliation over “virtually zero” offers. Market/Policy Context: Coverage also frames Burnham’s first days around broader economic pressure and international flashpoints, with North Sea drilling rhetoric adding to the political heat.
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