Click2Check comments on today's inflation data

20 May 2026

David Jones, director at Click2Check commented:

“A softer inflation reading, driven by Ofgem’s cut to the energy price cap, is a positive step for affordability, easing some of the pressure on UK households. However, the effects of prolonged cost-of-living strain won’t disappear overnight, and fraud risks often lag behind economic improvements. Plus, the fallout of the conflict in Iran will no doubt continue to impact inflation data throughout the summer.

“Brokers should take this opportunity to implement more robust compliance processes to ensure they are better prepared to spot fraudulent activity moving forward. AML, KYC, affordability evidence, source of funds, IDV and audit trails must all be captured clearly and consistently to stand up to FCA scrutiny. Outdated manual methods are no longer sufficient, often resulting in inconsistencies, missing documentation and weak evidence trails.

“Inflation may have eased, but businesses shouldn’t take their foot off the pedal when it comes to verification. Click2Check continues to focus on delivering robust, reliable checks that help organisations stay protected, even when conditions improve.”