Barclays puts aside £90m for motor finance scandal Banking Barclays announced in its annual results it had set aside £90m to cover potential motor finance payouts, amidst ongoing disputes over the misconduct row. This follows the landmark Court of Appeal’s October 2024 judgment, ruling in favour of three consumers and determining that lenders were liable for paying undisclosed commission to car dealers who acted [...]
Legal funders warn UK government it is easier to ‘invest elsewhere’ Legal Litigation funders have said the sector is facing a “moment of reckoning” following a court ruling, with some blaming the lack of action from the government
Court chucks out HMRC double tax treaty case against RBC Legal The UK Supreme Court, by a majority, dismisses HMRC's appeal over a double tax treaty linked to a North Sea oil production
Motor finance scandal: Close Brothers on the hook for £165m February 12, 2025 Close Brothers will be forced to set aside £165m in its half-year results following recent developments in the motor finance scandal. The calculation is based on currently available information but the merchant bank said ultimate costs could be “materially higher or lower” given uncertainty surrounding the FCA’s ongoing review of motor commissions. Close Brothers said [...]
Move fast and break the civil service: Will Whitehall get its own Elon Musk? February 12, 2025 Whether it sees Elon Musk’s DOGE as a success or a failure, Whitehall should see it as a warning. Because institutions which won’t reform themselves can only ever be reformed by outsiders, usually in unpredictable ways, says Joe Hill In December, the Prime Minister pledged to “rewire the State”, and Cabinet Minister Pat McFadden told [...]
Motor finance: Close Brothers calls on magic circle law firm for court battle February 6, 2025 Close Brothers has swapped in a top magic circle law firm for its Supreme Court battle to overturn the landmark motor finance test case.
Jimi Hendrix copyright dispute proceeds to trial as Sony losses appeal February 6, 2025 Sony Music's attempt to block a copyright claim by the estate of Jimi Hendrix has been blocked again after the Court of Appeal dismissed their claim
Naomi Campbell set to fight charity ban February 5, 2025 Supermodel Naomi Campbell has won her bid to appeal the charity ban imposed on her by the watchdog following findings that charity funds were misused.
Asda equal pay dispute advances as UK supermarkets look on nervously February 3, 2025 Asda workers equal pay can advance to the final legal stage after the Tribunal ruled some of their jobs are of equal value to the jobs in the distribution centres
Howden’s insurance conference disrupted by climate activists January 29, 2025 An insurance conference held at Howden’s City office was disrupted this morning following a slew of protesters from Extinction Rebellion