Santander urges ministers to intervene in UK car finance compensation scheme

The Guardian•Wednesday, October 29, 2025 at 9:21:14 AM

Santander UK is calling on the government to step in regarding the £11 billion car finance compensation scheme, warning that the current proposals could have serious repercussions for jobs, supply chains, and the overall UK economy. This situation is critical as it highlights the potential economic fallout from financial regulations, affecting not just the automotive sector but also the livelihoods of many workers and the stability of the market.

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