THE £44BN CAR FINANCE RULING THAT THREATENS CALAMITY FOR REEVES
https://s.yimg.com/ny/api/res/1.2/hvazv2b0hpNlYjLH9PxFpw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/70e741d95970c5cb4960ba1f4b8a202a
✍️ The UK's Supreme Court is set to rule on a case that could lead to a £44bn compensation scheme for car finance customers who were mis-sold loans, with potential implications for the City of London and the UK's economy.
👉 The Supreme Court is set to rule on a case that could lead to a £44bn compensation scheme for car finance customers who were mis-sold loans 👉 The case revolves around secret commissions paid to car dealers by lenders 👉 A ruling against the banks could lead to a wave of compensation claims, potentially exposing lenders to higher costs 👉 The Chancellor, Rachel Reeves, has voiced concerns that the ruling could go too far and harm the UK's financial services industry
-- #RachelReeves #MikeWalters #KevinIngram #HyderJumabhoy #HuseyinSevinc #CityofLondon #Davos #business
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