In a partial win for lenders, the court rules they're not liable for hidden commission payments in car finance schemes.

The FCA said it estimates the cost of any scheme, including compensation and administrative costs, to be no lower than £9bn - adding that a total cost of £13.5bn is "more plausible".

Any future motor finance compensation scheme for consumers in Britain would be substantially smaller than the payment protection insurance (PPI) redress scheme that cost banks tens of billions of pounds,