Here are 5 important things happening in the UK today – 19 May 2025.
Breakthrough in EU-UK talks: There was a breakthrough in talks between the UK and the EU on Sunday night, paving the way for Keir Starmer and EU leaders to announce a deal today at the first post-Brexit UK-EU summit. [BBC]
UK to regulate ‘buy now, pay later’: Under the rules, lenders such as Klarna and Clearpay will be required to check shoppers’ affordability before offering loans, while borrowers will be able to make complaints to the Financial Ombudsman. [Financial Times]
Santander freeze: Santander UK is freezing salaries, slashing bonuses and cutting jobs across its commercial banking arm as part of a wider shake-up that could help make the bank more attractive to potential buyers. [Guardian]
House prices: Asking prices for UK homes rose to a new record high in May, and demand picked up in a sign of the property market’s resilience after the end of a tax cut for buyers. [Bloomberg]
On Monday, the pound was trading at £1.33 to the dollar, £1.19 to the euro and £9.59 to the yuan. Oil was trading higher at $65.15 a barrel.
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