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flag UK's PRA proposes raising deposit protection from £85,000 to £110,000 to boost financial confidence.

flag The UK's Prudential Regulation Authority (PRA) proposes raising the deposit protection limit from £85,000 to £110,000 to ensure consumer confidence in the financial system. flag If approved, the new limit would apply to firms that fail starting December 1, 2025. flag The proposal aims to reflect inflation since the last change and provide assurance that savings are safe in case of bank failures.

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