Rachel Reeves considers overruling supreme court in £44bn car finance scandal

Exclusive: Chancellor could step in if justices uphold entirety of ruling over commission paid to brokersThe chancellor, Rachel Reeves, is considering overruling the supreme court over a £44bn car loan commission scandal after lobbying by some of the UK’s biggest lenders, the Guardian can reveal.Under Treasury contingency plans being discussed for the event that justices decide to uphold the entirety of last October’s shock appeal court ruling that customers may be entitled to billions in compensation, the government would retrospectively change the law to cut liabilities for lenders. Continue reading...

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