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Ministers urged to close £2bn tax loophole in car finance scandal

Banks and specialist lenders will not pay tax on compensation payouts, sidestepping 2015 ruleMinisters are being urged to close a loophole that will allow UK banks and specialist lenders to avoid paying £2bn in tax on their payouts to motor finance scandal victims.Under the current law, any operation that is not a bank can deduct compensation payments from their profits before calculating their corporation tax, reducing their bill. Continue reading...

The big 'Bee Network Boats' proposal

As Metrolink hits record demand levels and Bee Network buses continue to surge in popularity, thousands of new homes and a new 100,000-seat United stadium will be built around Greater Manchester's waterways, putting more pressure on infrastructure. Ethan Davies reports on proposals from the Elizabeth Line's architects to take the Bee Network to the water

Sunday, 07 December 2025

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  • Ministers urged to close £2bn tax loophole in car finance scandalBanks and specialist lenders will not pay tax on compensation payouts, sidestepping 2015 ruleMinisters are being urged to close a loophole that will allow UK banks and specialist lenders to avoid paying £2bn in tax on their payouts to motor finance scandal victims.Under the current law, any operation that is not a bank can deduct compensation payments from their profits before calculating their corporation tax, reducing their bill. Continue reading...

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  • The big 'Bee Network Boats' proposal As Metrolink hits record demand levels and Bee Network buses continue to surge in popularity, thousands of new homes and a new 100,000-seat United stadium will be built around Greater Manchester's waterways, putting more pressure on infrastructure. Ethan Davies reports on proposals from the Elizabeth Line's architects to take the Bee Network to the water

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