The Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England have appointed FOS independent assessor Amerdeep Somal as Complaints Commissioner.

The Bank of England said it expects the economy to shrink by 9.5% in 2020, less  than the initial estimate of 14%.

The FCA, PRA and Bank of England are consulting on an updated Complaints Scheme to make it simpler and more "user friendly."

The Bank of England’s Monetary Policy Committee has published a gloomy forecast on the UK economy as it votes maintain the Bank Base Rate at 0.1%.