The car finance commission scandal in the UK is causing concern across the City about the country’s approach to rules and regulation, with bosses and investors saying that the uncertainty is making it “difficult to operate”.
Lenders caught up in the scandal could be facing a compensation bill of up to £30bn, according to some estimates. But even companies that have no involvement in the alleged mis-selling of motor finance say it appears the authorities are allowing rules to be applied retrospectively.
