Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of (a) the number of people eligible for compensation and (b) the total cash value of the compensation owed under the ruling by the Court of Appeal from October 2024 that certain commissions that lenders paid to car dealerships for arranging loans were unlawful.

This is a complicated issue and the government is working closely with the Financial Conduct Authority and Prudential Regulation Authority. The government is pleased that the Supreme Court will hear an appeal from 1-3 April and hopes that its judgment will provide clarity for firms and consumers.