The Battle For Car Finance Compensation
Newscast
BBC
4.4 • 6.4K Ratings
🗓️ 1 August 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
Today, a landmark result from the Supreme Court rules that lenders won't have to pay compensation to millions of motorists over car finance loans.
The Court determined dealerships weren't duty-bound to act solely in the interests of their customers, overturning a previous judgement that ruled in favour of consumers. It was a long and complex verdict so Adam is joined by political correspondent Helen Catt and Theo Leggett, international business correspondent, to help break it down.
And, Global stocks have dropped after President Trump has increased tariffs on more than 90 countries. Canadian PM Mark Carney says he is “disappointed” that the US tariff on Canada has increased from 25% to 35%. Higher tariffs for Mexico were paused for another 90 days, but Brazil faces a 50% levy. Adam is joined by Dharshini David, deputy economics editor.
You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhere
Get in touch with Newscast by emailing [email protected] or send us a whatsapp on +44 0330 123 9480.
New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Gabriel Purcell-Davis and Jada Meosa John. The social producer was Joe Wilkinson. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | BBC Sounds, Music, Radio, podcasts. |
| 0:04.6 | Hello, this is the last episode of Newscast in the Newscast studio for a little while, |
| 0:08.9 | because from Monday we're going to be doing shows at the Edinburgh Festival. |
| 0:13.1 | We're going to be on the fringe with a live audience of festivalgoers. |
| 0:16.4 | And we've got plenty of people to come and keep us company for you to listen to. |
| 0:20.6 | Brian Cox, the actor and James Graham the playwright. |
| 0:23.4 | Sarah Smith from AmeriCast. |
| 0:25.2 | Kirsty Warwick is going to be making a guest appearance. |
| 0:27.7 | James Cook is going to be there, merging being Scotland editor and sometimes host of newscast. |
| 0:32.6 | And we'll also be doing an in-depth interview with John Swinney, the First Minister of Scotland. |
| 0:45.7 | So plenty to listen to on our Edinburgh Festival episodes of Newscast and plenty to listen to on this classic daily episode of Newscast. |
| 0:54.3 | Newscast from the BBC. He has just compared me to the fat controller. Did I say that? I can't believe I said that. |
| 0:55.1 | Next Wednesday? |
| 1:10.9 | This is R for the benefit of Earth. I'm not personally a huge Sabrina carpenter fam. I don't think I'm being rude. I like landscapes. Take me down to Downey Street. Let's go have a tour. Blimey. Hello, it's Adam in the newscast studio. and shortly I'll be joined by our Deputy Economics editor Darshini David, because today the 1st of August was a big day for Donald |
| 1:16.7 | Trump's tariffs. And so I want to catch up and find out what's actually happened, because |
| 1:21.0 | there's been so many twists and turns to that. But first of all, we're going to talk about a |
| 1:24.9 | British financial story, because this afternoon, the Supreme Court ruled on this big story |
| 1:31.3 | that's been brewing for a few years now about car finance loans. |
| 1:36.3 | And so basically, the claim was that car dealers had been working with the financial firms |
| 1:42.5 | that provided the loans. |
| 1:43.7 | And basically, the financial firms that provided the loans. |
| 1:50.4 | And basically, the financial firms were letting the car dealers set their own interest rates and then allowing them to earn quite a lot of commission off the higher rates. |
... |
Transcript will be available on the free plan in 5 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.