7 h. ago Car finance compensation explained as millions of Brits could be owed money

Millions of drivers could be due an average of 700 each after the Financial Conduct Authority said it will set up a compensation scheme for those who may have been mis-sold car finance

Economics

8 h. ago Lloyds Bank to challenge car finance compensation scheme after £2bn estimation

The financial services company is pushing for a fairer redress system

Economics

9 h. ago Lloyds warns car finance compensation could cost it nearly £2bn due to historic cases

Most of the car finance deals covered by the FCA’s scheme involve DCAs

Economics

11 h. ago Lloyds warns car finance compensation scheme could cost it nearly £2bn

The banking group said it was expecting there to be a higher number of historical motor finance agreements that are eligible for redress.

Economics

35 h. ago Car finance compensation explained as millions of drivers owed £700

Consumer champion Martyn James explains everything you need to know about the car finance scandal, as millions of drivers are owed compensation

Economics

3 d. ago Upper Crust and Millie's Cookies owner SSP shrugs off rail strikes to reveal a 7% rise in sales

Overall sales rose 8% to £3.7bn in the year to September, against 'a softer demand environment' in key travel spots.

Events

4 d. ago The council tax house price lottery: How some homes worth MILLIONS pay just 0.03% of their value

The system, based on house prices from 1991, has long been criticised because residents of some wealthy areas pay far less proportionally than those in more deprived ones.

Economics

4 d. ago Salt Bae's losing money? Maybe London is finally getting its own back

It looks like the joke’s finally worn thin. Thank goodness, says a weary David Ellis

Politics

4 d. ago Lenders warn of bigger hit to finances from £11bn car loan compensation plan

Lloyds Banking Group and Close Brothers both said they were expecting to have to put aside more money to cover costs related to the mis-selling saga.

Events

4 d. ago Lloyds admits £1.2bn set aside for car finance compensation may not be enough

Lloyds Banking Group has warned the £1.2billion it has set aside for potential compensation payouts related the motor finance commissions scandal may not be enough.

Economics

4 d. ago Home owners warned 'you may not realise' over risk of losing £78,000

People have been urged to check the details they have are correct

Events

4 d. ago Property guru Phil Spencer reveals he lost 'large amount' of his own money to £400million Caribbean property fraud

The presenter put his name to a £400million Caribbean property scheme, appearing in videos that helped convince many victims to part with their life savings.

Economics

4 d. ago Governments are spending billions on their own ‘sovereign’ AI technologies – is it a big waste of money?

Many US-built AI systems fall short but competing against tech giants neither easy nor cheapIn Singapore, a government-funded artificial intelligence model can converse in 11 languages, from Bahasa Indonesia to Lao. In Malaysia, ILMUchat, built by a local construction conglomerate, boasts that it “knows which Georgetown you’re referring to” – that is, the capital of Penang and not the private university in the US. Meanwhile, Switzerland’s Apertus, unveiled in September, understands when to use the Swiss German “ss” and not the German-language character “ß”.Around the world, language models like these are part of an AI arms race worth hundreds of billions of dollars mostly driven by a few powerful companies in the US and China. As giants such as OpenAI, Meta and Alibaba plough vast sums into developing increasingly powerful models, middle powers and developing countries are watching the landscape carefully, and sometimes placing their own, expensive bets. Continue reading...

Economics

4 d. ago Lenders betray public trust: Car finance scandal victims deserve their compensation, says ALEX BRUMMER

The gravitational pull of Generation Y towards fintech sites such as Revolut, Wise and Monzo, is often attributed to their tech-savvy skills.

Events

5 d. ago 'Lender' screamed 'you owe me f*****g money' at alleged murder victim after he was 'kidnapped' and attacked, jury told

Jemma Marshall and her co-defendant Jason Wadsworth deny murdering Martin Shaw

Events

5 d. ago Martin Lewis' advice on what you need to do to claim £700 car finance compensation

Claiming compensation for being mis sold car finance is 'easy' and many will receive it 'automatically', Mr Lewis says

Economics

5 d. ago Martin Lewis tells Brits how to get up to £700 car finance compensation

FCA announced a redress scheme for car finance customers who were mis-sold their loan and Martin Lewis has explained how to claim the compensation

Economics

5 d. ago Car finance compensation date and key to getting £700 payout quickly as 'millions owed'

The Financial Conduct Authority has announced that 14 million customers could be due an average payout of £700 for mis-sold car finance agreements - here's everything you need to know

Economics

5 d. ago Find out if you're eligible for car finance compensation after Martin Lewis reacts to judgement

The FCA estimates more than four in 10 car finance agreements over a 17-year period were mis-sold.

Events

5 d. ago Martin Lewis explains car finance compensation as millions could get £700 payout

Martin Lewis has explained who is affected by the UK’s car finance scandal and how people can claim a payout.

Economics