Written questions

Cars: Loans

Commons · Question 25304 · Tabled 21 Jan 2025 · Treasury · Official record

Answered 24 Jan 2025

Question

Asked by Ben Lake

To ask the Chancellor of the Exchequer, what estimate she has made of (a) the number of people eligible for compensation and (b) the total cash value of the compensation owed under the ruling by the Court of Appeal from October 2024 that certain commissio

Answer

Answered by Emma Reynolds, 24 Jan 2025

This is a complicated issue and the government is working closely with the Financial Conduct Authority and Prudential Regulation Authority. The government is pleased that the Supreme Court will hear an appeal from 1-3 April and hopes that its judgment wil...