M60 near Stockport closed both ways after eight-vehicle crash
Motorists have been warned to expect delays of an hour in both directions. National Highways said one lorry had driven through the central reservation and hit several lamp posts, while another had shed its load of beer barrels.The North West Ambulance Service said three people had been taken to hospital for further treatment, while six others were assessed for minor injuries.
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The Guardian
2 hours ago
- The Guardian
Chancellor's attempt to intervene in car finance scandal branded ‘disgraceful'
Rachel Reeves' efforts to intervene in the supreme court case on the car finance scandal were 'unprecedented and disgraceful' and send a 'really bad message' to consumers that the government is willing to defend wrongdoing by banks, Treasury committee member and Lib Dem MP Bobby Dean has said. While the supreme court largely sided with finance companies on Friday – helping lenders avoid a £44bn compensation bill – Dean said the chancellor had gone too far to show she was on the side of business. That included a controversial bid to intervene in the supreme court hearing in January, in which she urged judges to avoid handing 'windfall' compensation to borrowers. That attempt was ultimately rejected. 'I thought it was pretty unprecedented and pretty disgraceful,' said Dean, who sits on an influential parliamentary committee which scrutinises City firms, regulators and the Treasury. The chancellor had also been considering overruling the supreme court's decision with retrospective legislation, to help save lenders billions of pounds, in the event that it upheld the entirety of October's court of appeal ruling, the Guardian revealed last week. 'What message does it send to consumers that the industry can do wrong, the courts can support the claim that they've done something wrong, but the government is ready to intervene and defend the industry that's done wrong, instead of defending the consumer? I think that's a really bad message to put out,' Dean said. 'I feel like this government sometimes is too keen to demonstrate it is on the side of business, and is sometimes not understanding the rights of consumer,' he added. Reeves intervention efforts followed intensive lobbying by the car loan industry, which feared that the supreme court would uphold last October's shock ruling by the appeal court. That October ruling suggested commission payments paid by lenders to car dealers were unlawful, unless explicitly disclosed to borrowers. It could have opened the door to billions of pounds of compensation claims against companies including Lloyds Banking Group, Santander UK, Barclays and Close Brothers, and result in a redress scheme that rivalled the £50bn payment protection insurance saga. Lobby group the Financing and Leasing Association (FLA) – which represents car lenders – had warned the government that a big compensation bill could push some lenders into failure, while others would offer fewer or more expensive loans to claw back their losses. That could restrict options for borrowers who relied on credit. City bosses were also warning the Treasury that ongoing uncertainty over the scandal was deterring international investment in the finance industry, and was therefore putting the UK's economic growth at risk The FLA's head of motor finance Adrian Dally said that the lobby group was 'pleased' with the supreme court's ruling, and felt its concerns had been heard by Treasury and regulators. He confirmed the FLA had been speaking with the Treasury nearly every week in the wake of the court of appeal ruling in October, including about its concerns on the car finance case. However, he rejected suggestions the Treasury had prioritised the industry over consumers. 'We absolutely disagree with that because, ultimately, this [car finance] industry is a vital part of the nation's infrastructure, and enables millions of people to get to work, to get to school, and that was put at risk by these court cases. And ultimately, we believe the industry's interests and the consumers' interests are aligned on this.' Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion But Dean said government interventions set a 'really bad precedent if you're going to intervene on cases of consumer redress on the basis that it might damage industry, because then almost every consumer redress case would fall,' Dean said. Dean added that compensation schemes can give consumers confidence to borrow and invest, knowing will be protected when companies take advantage of customers. 'Obviously, the best industry is one where these redress systems are not needed in the first place, because people play by the rules.' The Financial Conduct Authority is due to confirm whether or not it will press ahead with a compensation scheme before the stock markets open on Monday morning. A Treasury spokesperson said: 'It is vital that consumers have access to motor finance to enable them to spread the cost of a vehicle in a way that is manageable and affordable. 'We respect this judgment from the supreme court, and we are working with regulators and industry to understand the impact for both firms and consumers. 'We recognise the issues this court case has highlighted, and we are already taking forward significant changes to the Financial Ombudsman Service and the Consumer Credit Act.'
The Sun
4 hours ago
- The Sun
Busy UK motorway used by 130,000 drivers a day shuts ALL weekend sparking chaos for airport & port passengers
A BUSY UK motorway which is used by 130,000 drivers a day has been closed for the entire weekend, causing chaos for airport and port travellers. Motorists heading for Belfast City Airport or the port have been told to add extra time for their journeys as one of the city's main roads has been shut. 2 Friday saw the closure of the eastbound carriageway of the M3 Lagan Bridge from Nelson Street on-slip to Dee Street. It is due to re-open at 6am on Monday. The closure is one of two weekend's worth of disruption on the road, which is undergoing a £400,000 maintenance scheme to replace bridge bearings. The westbound carriageway, from Bridge End to the M2 Foreshore, will be closed to traffic from 9pm on August 15 until 6am on August 18. Northern Ireland 's Department for Infrastructure (DfI) warned delays were 'inevitable' but added the works had been planned to minimise disruption. Traffic heading eastwards on the M3 over the Lagan Bridge will be affected by the current closure. The road will be closed between the M2 and Dee Street, with traffic being diverted off at the Nelson Street off-slip. There will also be no access to the bridge from Nelson Street on-slip. A diversion route is in place which follows: Nelson Street A2 Great Patrick Street A2 Dunbar Link Waring Street Donegall Quay Middlepath Street A2 Eastbound Middlepath Street on-slip Major motorway closed after lorry bursts into flames as drivers face hour-long delays and 7 miles of congestion The news comes after huge delays were reported on the M54 following a horror crash involving a number of vehicles. Two lanes were shut eastbound between Junction 2 for Wolverhampton and Junction 1 for Featherstone following a serious collision. Emergency services were called to the incident at around 2pm on Friday, where four people are thought to have been injured. A female passenger and male driver in one of the cars were rushed to Queen Elizabeth Hospital, Woolwich, where they are being treated for serious injuries. A child and lorry driver were also taken to hospital for minor injuries. While at the end of last month, the M6 northbound in Warwickshire was closed between J3A for Coleshill and J4 for the M42, after a lorry caught on fire. 2
Daily Mail
4 hours ago
- Daily Mail
King Charles puts Queen Elizabeth II's luxury helicopter up for sale - and it's set to fetch £5m
King Charles has put Queen Elizabeth II 's luxury helicopter on the market - with the monarch set to cash in £5million. The King is selling his mother's eight-seater red 2009 Sikorsky and will instead use two environmentally friendly jets, believed to cost £8.5m each. The royal family have used the new AgustaWestland AW139s, which run on 50 per cent sustainable aviation fuel, since last year, having flown in the previous helicopter for the previous 15 years. The opulent interior of the late Queen's helicopter has been revealed for the first time after it was put on sale. Spacious grey leather seats are matched with a blue carpet, while a magazine rack, a wooden clock and tinted windows complete the design. The listing, by helicopter broker AeroAsset, boasts that it has only had 'one owner since new' and is a 'Head of State Aircraft'. It has had 5222 hours of flying and comes with 'ultraleather and ultrasuede interior panel upholstery,' it adds. The Queen made innumerable trips in her helicopter, including one from Sandringham to Windsor a few months before she died. Her personal Range Rover, which she used between 2006 and 2008, is also up for auction. The 2006 L322 model features a distinctive ornament of a labrador with a grouse in its mouth. It also has a number of unique features including side steps, mud flaps, a made-to-measure dog guard for Elizabeth II's canine companions and extra wiring for security measures. While the rear grab handles, to help with the late Queen's entry and exit from the vehicle have been removed. The car has covered 120,000 miles and is described as being in 'exemplary condition throughout. The model's current value is between £9,000 and £16,000. But it is estimated to raise up to £70,000 when it goes for sale at the Silverstone Festival on August 23. The same auction house sold a different one of her Range Rovers for £132,750. The car's MOT record shows that by April 2009 - around a year after it was released from the Royal Household - it had clocked just under 18,000 miles. Today, it is showing 119,938. Rob Hubbard, Managing Director and Principal Auctioneer of Iconic Auctioneers, said: 'Vehicles with such distinguished provenance rarely enter the market, making this an exceptional opportunity for collectors and enthusiasts alike. 'Her Majesty Queen Elizabeth II's personal Range Rover combines automotive excellence with an unmatched historical significance. 'We anticipate considerable interest in this vehicle as has been the case with other Royal vehicles we have offered.'
