Keir Starmer has announced a series of significant measures aimed at bolstering the car and pharmaceutical sectors as the UK grapples with a shifting global landscape following Donald Trump’s imposition
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Some of the world’s largest car manufacturers and two prominent industry trade bodies have been penalised nearly £460 million for participating in a cartel related to vehicle recycling and advertising
The UK car industry is bracing for potential ramifications as President Trump’s administration prepares to impose a 25 percent tariff on car imports. The new levies, set to take effect
On March 26 2025 Donald Trump announced an ambitious plan to impose tariffs of 25 percent on all vehicles imported into the United States This significant decree aims to generate
Santander UK has announced plans to close 95 branches across the country as part of a restructuring strategy, a move expected to put approximately 750 jobs at risk. The closures,
Close Brothers, one of the United Kingdom’s leading car loan providers, has reported a staggering operating loss of £103.8 million for the six months leading up to 31 January. This
The Treasury has announced a review into the Financial Ombudsman Service (FOS), following concerns that the body has overstepped its powers as a complaints adjudicator into the realm of a
The Financial Conduct Authority (FCA) is on the verge of introducing a compensation scheme that could see banks proactively inform borrowers if they have been mis-sold car loans, potentially resulting
Car registrations in the United Kingdom decreased for the fifth consecutive month in February, with a 1 per cent overall decline compared to the same period last year. Data released
Lloyds Banking Group has significantly increased its compensation provision for potentially mis-sold motor finance to £1.1 billion following a landmark court ruling, forcing the FTSE 100 lender to set aside
The Supreme Court delivered a significant blow to Chancellor Rachel Reeves on Monday by rejecting her attempt to intervene in a landmark case concerning the motor finance commission scandal, which
MONY, the rebranded price comparison platform formerly known as Moneysupermarket.com, has reported record earnings for the previous year, driven by increased switching in the motor and home insurance markets. The
A major upheaval in the UK car finance sector has emerged as Close Brothers, one of Britain’s largest motor finance providers, announced plans to allocate up to £165 million for
The FTSE 250 lender Close Brothers has announced it will set aside up to £165 million in its first half to address potential legal and compensation costs amid the growing
Britain’s Santander banking division has reported a substantial 38% drop in annual profits, intensifying speculation about its Spanish parent company’s commitment to the UK market. The high street lender saw
The British government is exploring a novel approach to stimulate electric vehicle (EV) sales through subsidised consumer loans. Ministers have initiated discussions with automotive finance providers to expand access to
