Reported 3 days ago
The UK Supreme Court has ruled against allowing the Treasury to intervene in a significant legal case regarding controversial car loans, negatively impacting Chancellor Rachel Reeves' argument that the lawsuit threatens the country's regulatory framework. The case, which centers on historic car financing practices, poses potential economic risks and could lead to substantial compensation costs for banks like Lloyds and Close Brothers. As the court prepares to hear the case in April, uncertainty looms over the financial implications for the affected lenders.
Source: YAHOO