12 h. ago Cost of car finance scandal could cause 'significant' hit to UK economy, Santander boss warns

The group's chief executive Mike Regnier said current proposals 'could significantly impact jobs, growth and the broader UK economy'.

Events

6 d. ago Lloyds shares flat despite 36% profit slide on car finance scandal in ‘quarter to forget’

“This has turned out to be something of a quarter to forget for Lloyds” – Richard Hunter, Interactive Investor

Economics

6 d. ago Lloyds mulls legal action over £11bn car finance scandal payout proposals

Lloyds saw earnings plunge 36 per cent over the last quarter after the lender ramped-up cash set aside for payouts related to the car finance commissions scandal.

Economics

8 d. ago Rachel Reeves tells business leaders Brexit is to blame for UK economic woe as fears mount over Budget raids on 'wealth' and pensions after borrowing hits new high

The Chancellor admitted the economy is 'not working as it should' as government borrowing hit a new high, but denied it was 'broken'.

Economics

1 week ago Cost of a car MOT could be hiked as Government agrees to review £54.85 price cap

On Thursday, the Independent Garage Association confirmed that the DfT will now undertake a review of the MOT test fee and will 'consult with stakeholders later this year'.

Economics

2 w. ago The outrageous reason why millions of victims of the car finance scandal may be unable to claim payouts

Millions of car loan customers unwittingly paid commission to car dealership salesmen through higher interest borrowing charges.

Economics

2 w. ago Lloyds blasts FCA over car loans bill: Bank launches fightback after admitting scandal has left it facing £2bn hit

Lloyds, which is on the hook for almost £2bn over the motor finance scandal, accused the FCA of botching the design of the compensation scheme.

Economics

2 w. ago The £4.99 Range gadget that will defog your car windscreen in less than 5 minutes this winter

AS temperatures continue to drop, The Range has launched a £4.99 gadget that can defog your car windscreen in less than five minutes. Misty windows are quickly becoming a frustrating problem - but this clever and cost-effective gadget could provide the perfect solution. Rid your car of fog for less than £5 The CarKit Microwavable...

Economics

2 w. 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

2 w. ago Lloyds hikes cash set aside for car finance scandal payouts to £2BN

Lloyds on Monday said it would raise its concerns with the Financial Conduct Authority as it ramped-up provisions for potential costs by £800million.

Economics

2 w. 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

2 w. 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

2 w. 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

3 w. 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

3 w. ago Cost of eating out at Pizza Express surges by 55% in the past five years as classic margherita jumps to £14.45

The economy has been hit by wave upon wave of inflation since 2020 with prices increasing by 27.7 per cent overall in that time. This has been particularly devastating in the hospitality industry.

Economics

3 w. ago Tesla unveils 'Standard' Model Y and Model 3 that are $5k cheaper in bid to revive dwindling sales

It comes following years of promises from Elon Musk to debut a cheaper car to appeal to more cost-conscious customers.

Economics

3 w. 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

3 w. ago UK car finance scandal: How Scottish drivers can claim £700 compensation pay out for unfair car loans

Up to 14 million customers could be in line for a compensation pay out.

Economics

3 w. ago Car finance scandal: What happened and are you eligible for £700 compensation payout?

Millions are expected to receive an average payout of £700 from the redress scheme revealed by the Financial Conduct Authority

Economics

3 w. ago Up to 14m car loan scandal victims in line for average £700 payout, City regulator announces

City regulator unveils compensation scheme for motorists who bought cars via discretionary commission deals from 2007 to 2024Victims of the UK’s car finance scandal are likely to receive compensation payouts averaging £700 resulting from 14m unfair loans, the City regulator said on Tuesday.The payouts would be less than previously expected, but the Financial Conduct Authority (FCA) said lenders could be landed with an £8.2bn compensation bill, which could go as high as £9.7bn. Continue reading...

Economics