CNBC'S UK EXCHANGE NEWSLETTER: A SHOWDOWN IS BREWING OVER BRITAIN’S ‘INVESTABILITY’ PROBLEM
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✍️ The UK's compensation culture has led to a surge in claims, with the latest scandal involving mis-sold Personal Contract Purchase (PCP) car loans. The Financial Conduct Authority (FCA) has estimated that redress will cost the industry £11 billion.
👉 Compensation culture in the UK has led to a surge in claims 👉 Latest scandal involves mis-sold Personal Contract Purchase (PCP) car loans 👉 PCPs were popularized by low interest rates 👉 Financial Conduct Authority (FCA) estimates redress will cost industry £11 billion 👉 Lenders raising provisions accordingly
-- #RachelReeves #MarcusBokkerink #CharlieNunn #HarryStebbings #AlastairCampbell #SimonBumfrey #EllesmerePort #Wirral #U.K. #Davos #business
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