Finance
Lloyds CEO Welcomes Reeves’ Intervention in Car Finance Case
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The boss of Lloyds Banking Group Plc said he welcomed the UK government’s recent decision to intervene in a landmark court case over controversial car loans, saying the move could help keep Britain investable.
Chancellor Rachel Reeves-led Treasury this week said it’s told the Supreme Court that the case over historic practices at motor finance businesses has the potential to cause considerable economic harm. In an interview on Thursday, Lloyds Chief Executive Officer Charlie Nunn said he welcomed the government “getting involved in the case.”