Rachel Reeves's government actions regarding the car finance scandal were deemed unprecedented and disgraceful by Bobby Dean, a Treasury committee member. He criticized her intervention in the supreme court case, claiming it sends a negative message to consumers about government priorities. The supreme court ruled largely in favor of finance companies, allowing them to escape a potential £44 billion compensation bill. Dean highlighted that the chancellor's stance appeared overly supportive of businesses at the expense of consumer rights, particularly following significant lobbying from the car loan industry.
Dean criticized the intervention as unprecedented and disgraceful, asserting that it sends a bad message to consumers about government support for banks over consumer rights.
The chancellor was under fire for attempting to intervene in the supreme court, urging judges to avoid compensating borrowers and favoring the interests of lenders.
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