Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports 
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
British savers will soon benefit from significantly stronger financial protection after the Bank of England announced a major increase to the nation’s deposit guarantee limit. The Prudential Regulation Authority (PRA) confirmed that the Financial Services Compensation Scheme (FSCS) cap will rise from £85,000 to £120,000 per eligible depositor, a 40% jump designed to reflect the impact of sustained inflation and ensure consumer confidence in the banking system.
The previous £85,000 threshold had been in place since 2017, but economic conditions and rising living costs prompted regulators to consider a more substantial adjustment. While the PRA initially proposed an increase to £110,000, it ultimately concluded that a higher limit would better protect savers in the event of a bank or building society failure. PRA Chief Executive Sam Woods noted that the move aims to maintain public trust in the safety and stability of customer deposits across the UK’s financial institutions.
The new UK deposit protection limit surpasses the European Union’s standardized guarantee of €100,000 (approximately £86,000), highlighting the UK's stronger approach to financial safeguards post-Brexit. However, it remains below the coverage provided in the United States, where deposit insurance typically extends to at least $250,000 per depositor.
In addition to the general protection increase, the PRA announced a rise in coverage for temporary high balances—such as funds from a property sale, inheritance, or insurance payout. These temporary balances will now be safeguarded up to £1.4 million, up from the previous £1 million limit, offering further reassurance to individuals experiencing major financial transactions.
The FSCS, funded by the financial services industry, plays a crucial role in protecting customers when banks or building societies collapse. With these updated thresholds, UK regulators aim to enhance financial resilience, support consumer trust, and ensure the nation’s deposit protection framework keeps pace with economic realities.
