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Car finance scandal: Payouts of £700 per driver under compensation plans
Millions of victims of car finance mis-selling could receive less compensation than previously estimated, under plans from the regulator. The Financial Conduct Authority (FCA) said payouts could result from 14 million motor finance agreements between April 2007 and November 2024. The regulator previously suggested motorists could receive less than £950 per deal, but it now…
Don’t force drivers to use parking apps, RAC says
Drivers should not be forced to use mobile apps to pay for parking, the RAC has said, after three-quarters of drivers it surveyed said they had issues with them. The most common problem was poor phone signal in the car park, followed by the app not recognising the car park the driver was in. The…
Rishi Sunak hired by Microsoft and Anthropic as paid adviser
Rishi Sunak has taken up paid adviser roles at tech giant Microsoft and artificial intelligence start-up Anthropic. The former prime minister has been told he must not lobby ministers on behalf of the companies by the Advisory Committee on Business Appointments (Acoba), an independent watchdog which oversees the activities of former government figures. Sunak –…
US tariffs on coffee and bananas to ease under new trade deals
Danielle KayeBusiness reporter Bloomberg via Getty Images A customer shops at a Costco store in Teterboro, New Jersey, US. The Trump administration on Thursday announced frameworks for trade deals with four Latin American countries, which senior officials said will include tariff relief on coffee and bananas. The Trump administration on Thursday said import taxes on…
