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Reeves' bid to bolster motor finance over £30bn scandal

Daily Express

|

January 22, 2025

CHANCELLOR Rachel Reeves has intervened in the motor finance misselling scandal to help boost confidence in lenders and shield them from what threatens to be a multi-billion-pound payout.

- Charlie Conchie

Reeves' bid to bolster motor finance over £30bn scandal

CHANCELLOR Rachel Reeves has intervened in the motor finance misselling scandal to help boost confidence in lenders and shield them from what threatens to be a multi-billion-pound payout.

A court judgment in October sent shockwaves through the sector and has opened the door to what analysts say could be a £30billion redress bill.

Lenders have lodged an appeal against the ruling set to be heard by the Supreme Court in April.

MEER VERHALEN VAN Daily Express

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