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UK Treasury seeks to intervene in a Supreme Court case to avoid a £30bn car loan compensation payout.
The UK Treasury is seeking to intervene in a Supreme Court case that could result in a £30bn compensation payout to consumers over a car loan mis-selling scandal.
Chancellor Rachel Reeves argues that a negative ruling could harm the motor finance sector and reduce car loan availability.
The case centers on whether consumers were misled about 'secret' commission payments to dealers.
The Treasury's intervention aims for a fair but proportionate ruling, balancing consumer compensation with maintaining the motor finance market's stability.
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El Tesoro del Reino Unido busca intervenir en un caso de la Corte Suprema para evitar un pago de £30 mil millones de la compensación del préstamo de coche.