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Evening Standard
Evening Standard
Alex Daniel

Lloyds and Close Brothers shares surge after Reeves steps in on car finance case

Close Brothers Lloyds Rachel Reeves
Lenders could face billions in compensation pay outs over the car finance scandal (Andrew Matthews/PA) - (PA Wire)

Motor finance giants Lloyds and Close Brothers’ share prices rocketed on Tuesday after Chancellor Rachel Reeves sought to intervene in a court hearing over the potential mis-selling of car loans.

The Supreme Court will hear a case in April where it will decide whether to uphold a landmark ruling on hidden motor finance commission arrangements, made in October.

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