Why the UK’s carmakers are sitting on a ticking time bomb
George Mihalcea
With an estimated £11bn at stake, the Financial Conduct Authority’s planned announcement on the car financing scandal and compensation is not just about payouts, says James Moore . The fallout could hit the motor industry so hard that they may decide it’s time to give up on the UK for good T he car loan compensation bomb is set to drop – again . This week the Financial Conduct Authority (FCA) is poised to unveil its latest attempt at a scheme designed to compensate victims of the long-running
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