• Vie. Ago 1st, 2025

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UK approves £38bn Sizewell C nuclear plant

PorStaff

Jul 22, 2025
Breaking news pic

The government has given the final go-ahead for a £38bn nuclear power plant in eastern England.

The Sizewell C project in Suffolk will be jointly funded by Canadian pension fund La Caisse, UK energy firm
Centrica and Amber Infrastructure.

The government said it would be the largest shareholder in the project with a 44.9% stake.

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What is the car finance scandal – and what could today’s ruling mean for motorists? The UK’s Supreme Court is poised to deliver a groundbreaking ruling today with potentially billions of pounds at stake for banks and millions of motorists. The crucial issue before the country’s highest court is whether customers should be fully informed about the commission dealers earn on their purchases. However, it’s important to note that the Supreme Court is currently only addressing one of two parallel cases concerning the mis-selling of car finance. Here is a breakdown of both cases and how today’s ruling may impact any future compensation scheme. The first case under consideration by the Supreme Court revolves around complaints regarding the non-disclosure of commission, which affects 99% of car finance cases. Essentially, when individuals purchase a car on finance, they are essentially loaned the money which they then pay off in monthly installments. Brokers, who facilitate the finance plans, earn money through a commission, which is a percentage of the interest payments. Last year, the Court of Appeal ruled in favor of three motorists who were unaware that car dealerships they entered finance deals with were receiving a 25% commission, which was added to their bills without their knowledge. The ruling deemed it unlawful for car dealers to receive commissions from lenders without obtaining the customer’s informed consent. However, British lender Close Brothers and South Africa’s FirstRand appealed the decision, leading to the case being escalated to the Supreme Court. The second case, driven by the Financial Conduct Authority (FCA), involves discretionary commission arrangements (DCAs) where brokers and dealers increased interest rates without informing buyers, resulting in higher commissions. This practice was banned by the FCA in 2021, but many consumers have since complained about being overcharged before the ban. The Financial Ombudsman Service has reported handling 20,000 complaints related to this issue. In January 2024, the FCA announced a review into the potential overcharging of motor finance customers due to past use of DCAs. Car finance scandal ruling implications for motorists

Ago 1, 2025 Staff
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