UK Car finance refunds slim compensation with tax rises coming

The possible £8.2bn of compensation for the mis-selling of car finance will be a nice windfall for some households. But it’s much smaller than the similar payments of £38.3bn in the 2010s and will only partially offset the hit to household disposable income from the tax rises that may come in the Budget.

We're hosting a special in-person roundtable event at our London office on Wednesday 12th November to discuss if the Chancellor’s second Budget on 26th November will be as big and as bad for the economy as her first, and if it will dampen or ignite the gilt market’s fiscal fears. Click here to request a space.