Britain's Car Finance

Britain's car finance industry is in crisis – with banks bracing for billions in payouts

The crisis has prompted comparisons to Britain's PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).

Business - CNBC - 15 hours ago

Santander delays full UK results as it weighs impact of car finance ruling

Profits drop in British business as one of Spanish bank’s biggest markets emerges as a trouble spot

Business - Financial Times - October 29

Motorists who bought cars on finance could share in billions

The car finance industry is setting aside billions to pay for potential claims after a test case.

FCA to give car finance sector more time to handle surging complaints

UK financial regulator launches consultation after landmark Court of Appeal ruling

World - Financial Times - Yesterday

Banks warn UK Treasury of risk of sector turmoil after car finance ruling

Lenders meet government officials and regulators over fallout from court judgment on ‘secret’ auto loan commissions

Business - Financial Times - October 29

Bangladesh’s leader says ‘no place’ for Sheikh Hasina’s ‘fascist’ party

Muhammad Yunus says will not seek exiled leader’s extradition from India before domestic tribunal’s verdict

World - Financial Times - October 30

Hospitals in firing line of forgotten war

Sudan’s brutal civil war is taking a devastating toll on the country’s health facilities

World - Financial Times - October 30

Why EU defence and security policy will stay in the hands of capitals

Also in this newsletter: wading into France’s budget mess

World - Financial Times - October 30

Democratizing finance: Spectral Labs and the autonomous finance movement

CONTRIBUTOR CONTENT: From 2024 to 2031, there will be an annual growth of 26.00% in AI and blockchain and Spectral Labs is taking part in this revolution. Spectral Labs is on a mission to change ...

Tech - VentureBeat - 2 days ago

Britain’s period of ‘National Reviewal’

Also in this week’s newsletter, SME export sales dip

World - Financial Times - October 24

Three tests for Britain’s Budget

Reeves must stabilise the economy, and pave the way for higher growth

Business - Financial Times - October 27

The pressures on Britain’s state, in charts

Ageing population is a great policy achievement but the higher costs demand tax increases and improved growth

World - Financial Times - October 30

Goodbye to low-tax Britain

One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shift

Business - Financial Times - October 30

COP29 Climate Talks Focus on Financing

Negotiators agree that trillions are needed to help lower-income countries adapt and cope, but not on who should pay.

Science - The New York Times - Yesterday

COP29 Climate Talks Focus on Financing

Negotiators agree that trillions are needed to help lower-income countries adapt and cope, but not on who should pay.

World - The New York Times - Yesterday

Cooper 'believes in Britain's coaching pathway'

Leicester City manager Steve Cooper says he believes in Britain's culture and coaching pathway following Thomas Tuchel's appointment as England head coach.

The problem with Britain’s red tape obsession

UK has repeatedly promised to reduce bureaucracy, but such pledges have also kept falling short

World - Financial Times - October 20

PHOTO COLLECTION: Australia Britain Royals

This is a collection of photos chosen by AP photo editors.

Entertainment - ABC News - October 21

Israel Strikes Hezbollah-Affiliated Financial Institution in Lebanon

Branches of Al-Qard al-Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south ...

World - The New York Times - October 21

UK chancellor to unlock financing for critical minerals supply

Measures will benefit manufacturers, particularly in defence, aerospace and EV battery makers, says Treasury

Business - Financial Times - October 24

Atlas of Finance — a visual aid to the global money maze

An eclectic and ambitious series of maps, graphs and diagrams helps disclose the locations of hidden riches

Business - Financial Times - October 25

Is there a £22bn ‘black hole’ in the UK’s public finances?

Economists say the state of public finances should not have come as a complete surprise to the new government.

German government collapses as Scholz sacks finance minister

Departure of Christian Lindner marks the end of the country’s unpopular three-party administration

World - Financial Times - November 6

British banks face an expensive motor finance crash

Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lenders

World - Financial Times - 6 days ago

Clashes, confusion and secrecy consume the Harris campaign's finances

If Kamala Harris' campaign was known for anything, it was its blockbuster fundraising.

MP launches plan to 'make Britain vaguely civilised'

Neil O'Brien's ideas include big fines for playing music on transport and a crackdown on spitting.

Jilly Cooper’s Britain: world capital of bad sex

A British weakness for bawdy banter is at the heart of hit TV show ‘Rivals’. Isn’t it time we grew up?

Business - Financial Times - October 26

UK Budget: What to Know Before Labour’s Announcement

The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.

Top stories - The New York Times - October 28

‘No shortcuts’: Labour sets Britain on risky road to recovery

Starmer and Reeves have time on their side as they take major political gamble

Business - Financial Times - October 30

Britain’s Labour Budget: bold ambition, uncertain prospects

Rachel Reeves must now deliver on her investment plans, or taxes will rise even further

World - Financial Times - October 30

U.K. Budget Makes a Big Bet on Spending for Growth

The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.

Business - The New York Times - October 31

Britain's Conservative Party elects Kemi Badenoch as leader

Kemi Badenoch is now the first Black woman to lead a major British political party.

Britain's 'best new building of 1996' to be demolished

Salford University's award-winning Centenary Building has been vacant for the past eight years.

At COP29, Keir Starmer Announces the UK’s Ambitious Climate Targets

The prime minister announced more ambitious climate targets, charting a very different course from the United States, which is expected to roll back its energy transition plans.

World - The New York Times - 2 days ago

Britain desperately needs a proper industrial strategy

Collaboration between business and government is central to achieving that goal

World - Financial Times - 14 hours ago

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