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    Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

    Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

    Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

    Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

    Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

    Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

    Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

    Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

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      AI Overviews cutting publisher clickthrough rates by 50%, new report finds

      Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

      Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

      News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

      News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

      BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

      BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

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        Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

        Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

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        Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

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        Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

        Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

        The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

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        Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

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        ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

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        A Site for Situated Practices: Mezzanine

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        Discover Amsterdam’s beauty from the water

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        Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

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        Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

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        Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

        Donald Trump demands UK drills for more oil, blasts high taxes on North Sea energy firms

        Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

        Justice Secretary Shabana Mahmood heaps pressure on Sir Keir Starmer to recognise state of Palestine

        Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

        Ed Miliband sparks fears of ‘boiler ban by backdoor’ as he prepares to shun gas for heating homes

        Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

        Water bills to rise by another 30% in next 5 years as damning report calls for regulator Ofwat to be SCRAPPED

        Trending Tags

        • Business
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          AI Overviews cutting publisher clickthrough rates by 50%, new report finds

          AI Overviews cutting publisher clickthrough rates by 50%, new report finds

          Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

          Call for commemoration to Welsh journalist Gareth Jones who uncovered Holodomor famine

          News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

          News diary 28 July – 3 August: Starmer-Trump meeting, Edinburgh Fringe, Ofcom annual media data

          BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

          BBC and news agencies sound alarm over ‘threat of starvation’ for journalists in Gaza

          Trending Tags

          • Tech
            Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

            Mysteries of 2,300-year-old mummy Bashiri ‘The Untouchable’ revealed after researchers refused to unwrap ancient fabric

            Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

            Remarkable glow in the dark creature captured on camera in the wild ‘for first time’ as it lights up in a neon blue

            ‘Death date’ of universe revealed as scientists predict when ‘shrinking’ will start before ‘Big Crunch’ wipes us all out

            ‘Death date’ of universe revealed as scientists predict when ‘shrinking’ will start before ‘Big Crunch’ wipes us all out

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Is this the breakfast of the future? Bread made of BUGS & fungus created to fight food shortage – so would YOU try it?

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Mystery of Captain Cook’s lost ship is SOLVED after 250 years as scientists discover sunken remains of HMS Endeavour

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

            Sex-crazed insects cause car to flip with drivers warned to keep windows closed on roads as the bugs invade US

          • Health
          • Science

            We’ve probably already been discovered by aliens, but they have some pretty good reasons to hide.

            Almost everyone is said to benefit from a scientifically supported method for improving sleep.

            2,500-year-old rock engravings were found near Mosul, Iraq.

            Is the soul of a person eternal? the findings of scientists

            With its most recent move, is General Electric abandoning wind power?

          • Crypto
          • Entertainment
            • All
            • Gaming
            • Sports
            Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

            Ellie Scotney reveals promise she made to late friend Georgia O’Connor before emotional world title win

            The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

            The secret underground tunnel where Open golfers hide from thunderstorms but only certain stars can use it at Portrush

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Jon Jones performs retirement U-turn and announces return to UFC testing pool after Dana White lying claims

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            Tyson Fury heads off to business meeting still wearing Primark Soccer Aid suit after dropping F-bomb live on ITV

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

            ‘This’ll wind people up’ – DeChambeau and Rose’s response to how club golfers would cope at Oakmont US Open course

          • Lifestyle
            • All
            • Fashion
            • food
            • Home improvement
            • Travel
            A Site for Situated Practices: Mezzanine

            Exhibition: Substance & Recoding: The Narrative of Contemporary Objects in the Semantic Turn

            Discover Amsterdam’s beauty from the water

            An adventure on the canals of Amsterdam

            An adventure on the canals of Amsterdam

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain's Latest Collection.

            Eromosele Gideon Eigbiremolen Unveils Sustainable Vision for SS24 with Burvain’s Latest Collection.

            after builders cleaning

            After Builders Cleaning Services in UK with Cliffycox: Reviving Spaces, Redefining Cleanliness

            Creating an Oasis Deponti Glass Room Products and Maze Outdoor Kitchens

            Creating an Oasis: Deponti Glass Room Products and Maze Outdoor Kitchens

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          Motorists ‘could claim billions’ after car finance commissions payback ruling

          by Anderson
          October 27, 2024
          in Motoring
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          Motorists ‘could claim billions’ after car finance commissions payback ruling

          Motorists have won a landmark legal decision against companies providing car finance deals after Appeal Court judges ruled in favour of three car buyers who claimed that hidden commissions on their deals added thousands of pounds to the cost.

          “The consumers were very poorly served by the brokers and the lenders alike,” the judges said.

          They said consumers have the right to know about the commission arrangements between the lender and car dealer to ensure fairness.

          Until a rule change in 2021, hidden commissions on car purchase deals meant customers could end up paying many thousands of pounds extra in interest for a loan to buy the vehicle.

          The four justices held that car dealers had a legal duty to act in consumers’ best interests instead of their own when arranging car ­finance deals.

          They said it was not sufficient for commission details to be hidden in a contract’s terms and conditions. The ruling could open the door for many more consumers to seek redress.

          Lawyers for the customers bringing the case – student nurse Amy Hopcraft, factory supervisor Marcus Johnson and postal worker Andrew Wrench – argued that dealers had a duty to provide impartial information or advice.

          They asked for the return of the hidden commission paid to the dealers as credit brokers.

          The court agreed that the car dealers were the sellers but also acted as credit brokers on behalf of the buyers. As such they had a duty to search for and offer a finance deal that was competitive and suitable for the customers’ needs.

          In 2021, the Financial Conduct Authority (FCA) watchdog banned agreements under which firms could receive commission linked to the interest rate paid by customers, saying the practice incentivised car dealers to increase a customer’s borrowing costs.

          Thousands of drivers complained they have been overcharged. Firms rejected many of the complaints arguing they had not acted unfairly nor caused their customers loss.

          The Financial Ombudsman Service considered some complaints rejected by firms and found in favour of complainants in two decisions. Claims were also brought by some consumers in County Courts, some of which were upheld,

          The FCA has been reviewing historical cases since January and has warned lenders to prepare for additional costs as part of a possible compensation scheme.

          It is carrying out its own inquiry into the motor finance sector and looks likely to make lenders pay back commissions.

          The watchdog has been flooded with complaints from consumers claiming that their loans were priced unfairly. Over one million claims have been submitted through Martin Lewis’s Money Saving Expert site.

          The FCA said it had paused the time firms have to provide a final response to customers about motor finance complaints involving a discretionary commission arrangement (DCA). “We did this to prevent disorderly, inconsistent and inefficient outcomes for consumers and knock-on effects on firms and the market while we review whether motor finance customers have been overcharged because of the past use of DCAs.”

          It said it had noted the Appeal Court judgment and is carefully considering its decision,

          Separately, legal firms are taking action on behalf of a number of drivers. Manchester-based Consumer Rights Solicitors, which acted in this case, believes the compensation bill could be as high as £42bn.

          Shares in Close Brothers, the company that provided the finance, fell sharply after the verdict. The company said: “The financial impact of the Hopcraft case in isolation is not material,” but warned “the judgment may set a precedent for similar claims, which may… result in significant liabilities for the group.”

          Close Brothers disagreed with the court ruling and will appeal to the Supreme Court. It said it was pausing new UK motor finance business while it reviews its processes.

          Kavon Hussain, of Consumer Rights Solicitors said: “These hidden commissions meant that the consumer could pay anything from a few hundred pounds to many thousands extra to a lender through interest payments, for the lender to then pay this to the dealer. It was, and still is, a broken system.”

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