The chancellor, Rachel Reeves, is considering overruling the supreme court over a £44bn car loan commission scandal after lobbying by some of the UK’s biggest lenders, the Guardian can reveal.
Under Treasury contingency plans being discussed for the event that justices decide to uphold the entirety of last October’s shock appeal court ruling that customers may be entitled to billions in compensation, the government would retrospectively change the law to cut liabilities for lenders.
