Motor finance revs up City watchdog’s PR spend Regulation The motor finance scandal has helped rev up the financial watchdog’s spend on public relations agencies as it fought to warn consumers of the risks of using claims management firms. The car mis-selling saga – where City banks have been put on the hook for billions in compensation over the use of ‘secret’ car deals [...]
Why old ladies mean your house has tiny windows Opinion Guidance dictating that windows must be of a size that means ’95 per cent of the elderly female population’ could clean them without stretching is just one example of the millions of rules holding Britain back, says Tom Harwood Once you start to notice how pokey windows are on most new builds, you won’t be [...]
Motor finance lenders gear up for ‘forensic test of discipline’ over redress scheme Banking The Financial Conduct Authority has softened the motor finance blow for lenders but experts say firms won’t be able to shift into a new gear just yet. The City watchdog has priced the cost of its industry-wide redress scheme at £11bn – a hefty sum but far below the eye-watering £44bn previously floated. Just over [...]
Bank of England’s Mann calls for sustained interest rate hold October 1, 2025 The Bank of England’s Catherine Mann has called for interest rates to be held where they are for longer before making a larger cut to revive the sluggish growth outlook, citing a recent spike in consumer inflation expectations as evidence price rises were embedding into the economy. The external Monetary Policy Committee (MPC) member known [...]