
Financial firms may soon gain clearer Consumer Duty compliance boundaries. The FCA has opened consultation on targeted changes to the regime, with wholesale activity, non-UK customers, distribution chains, and proportionality central to the review.

Imperial Brands faces scrutiny over football-linked marketing before tighter regulation. A Rizla fashion collaboration has placed regulated-product adjacency, youth culture, and tournament marketing risk back in focus.

Sovereign investors are moving closer to energy and gold assets. A new Invesco survey says geopolitical disruption, concern over the dollar, and weakening bond-equity diversification are reshaping reserve and sovereign wealth portfolios.

Central banks have warned that market resilience is becoming thinner. The BIS says AI investment, fragile bond-market liquidity, inflation risks, and strained public finances are creating a tougher policy environment for governments, investors, and companies.

Audit sanctions sharpen independence warnings for finance and governance leaders. The FRC has penalised King & King and Milankumar Patel over GFG Alliance audits, citing fee dependency, ethical breaches, and audit failures.

Britain’s tax gap is widening despite stronger enforcement ambitions again. HMRC estimates £59.2bn went unpaid in 2024 to 2025, with small businesses accounting for the largest share.

HMRC’s tax update adds another compliance track for finance teams. The 2026 package spans digital tax administration, marketplaces, customs, PAYE, self-assessment, VAT, software standards, and company distributions.

Cheap import reforms will redraw tax pressure across online retail. The government is accelerating customs changes for low-value imports and reviewing online marketplace VAT liability, raising operational questions for retailers, platforms, sellers, and finance teams.

AI agents are gaining authority faster than enterprise controls inside. Kore.ai says most enterprises report unmanaged risk as agents move into data, decisions, customer interactions, and financial activity.

Retailers face a short operational runway before VAT changes begin. The Accountancy Partnership says hospitality, leisure, and attractions businesses need to review systems, pricing, and records before 25 June.