Cumberland Building Society appoints new CEO

6th October 2025 Appointments |

The Cumberland Building Society has announced that it has appointed Stuart Miller will take on the role as its new Chief Executive Officer (CEO), subject to regulatory approval. Joining from Newcastle Building Society, Miller brings over 38 years’ experience in financial services and will succeed Des Moore in 2026, following eight years of impactful leadership…

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Consumers cutting back as confidence in the economy falls

Consumer confidence in the UK economy fell during the last quarter, reaching the lowest point so far this year, according to KPMG’s latest Consumer Pulse survey. KPMG’s poll of 3000 UK consumers saw the number of people feeling that the economy is worsening increase from 51% to 62% in the last three months – and…

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The £65,618 cost of motherhood

6th October 2025 Consumer Collections | #family costs

Latest data from the Office for National Statistics (ONS has shown working mothers lose an average of £65,618 in pay by the time their first child turns five, as the ‘motherhood penalty’ impacts their financial security. Women’s earnings fall an average of 42%, or £1,051 a month, compared to what they were making a year…

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