Motor finance compensation scheme set to fuel even more legal action March 31, 2026 The City watchdog has revealed its long-awaited motor finance redress scheme, but despite the bill for lenders coming in lower than predicted the scandal is not going away any time soon, as further legal action is expected. After a 2024 legal case ruled that car sales firms couldn’t lawfully receive commissions from finance firms unless they had [...]
FCA slashes banks’ motor finance payouts as compensation scheme finalised March 30, 2026 City banks are set to face a more than £9bn motor finance bill after the UK’s financial watchdog laid out plans for its long-awaited motor finance redress scheme in a major U-turn after months of backlash. The Financial Conduct Authority (FCA) revealed the details of its industry-wide redress scheme for the car mis-selling saga on [...]
KKR-backed fintech takes £13m hit from motor finance scandal March 10, 2026 A UK fintech backed by investment giant KKR has posted a hefty loss after being forced to set aside cash for the brewing motor finance scandal. Oodle Finanical Services recorded a pre-tax loss of £38m for the financial year ending 30 June 2025, after the firm was forced to set aside a whopping £12.8m in [...]
‘I can do terrible things’: Trump launches fresh tariffs tirade February 23, 2026 The government has said that no response to Donald Trump’s revived trade onslaught is off the table, after the President warned he could still do “terrible things” to the US’s trading partners despite his ‘liberation day’ tariffs being deemed illegal by the Supreme Court. A spokesman for the Prime Minister told reporters that while “no [...]
Businesses continue to face legal uncertainty despite court ruling on tariffs February 23, 2026 When the US Supreme Court handed down a landmark judgment against President Donald Trump’s tariffs last week the ruling sent shockwaves across the world, raising questions about what is next for businesses. On Friday, the Supreme Court, which has a 6-3 Conservative majority, struck down the tariffs, which could pose major financial consequences for the [...]
Trump’s tariffs are unconstitutional and his figures are pure fantasy February 23, 2026 Donald Trump claims to have secured $18 trillion in ‘investment’ thanks to tariffs, but much of this is just purchasing, R&D or hiring, says Rainer Zitelmann Tariffs are the central pillar of Donald Trump’s economic policy. Yet it was precisely in this area that he violated the US Constitution. This was not determined by leftwing [...]
Trump announces new blanket tariff after Supreme Court ruling February 21, 2026 US President Donald Trump has announced a new global tariff after the US Supreme Court ruled that his previously imposed duties were illegal. Trump imposed a 10 per cent global tariff shortly after the court’s ruling, a decision the president called “terrible”. The import duty will apply to all countries and be effective “almost immediately”, [...]
Diageo, Burberry rally after Trump tariff ruling February 20, 2026 Shares in two of the FTSE 100’s biggest retailers rallied on Friday afternoon after it was revealed President Trump’s sweeping global tariff regime had been struck down by the top US court. Burberry shares ended the day’s trading session up 3.2 per cent to 1,212p, while Diageo jumped 3.9 per cent to 1,851p after the [...]
US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal February 20, 2026 The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]
Dollar slides as ‘loss of confidence’ in US policy spikes debasement fears January 28, 2026 The US dollar had its worst day since President Donald Trump’s ‘Liberation Day’ tariff onslaught on Tuesday as investors dumped their exposure to the greenback. The DXY index – which tracks the dollar against a basket of other currencies – has slumped over two per cent since the beginning of the year. Amidst the dollar [...]