Mark Kleinman blog | City trade body dropped £9bn motor finance challenge after intervention from FCA chief

More from V2 Radio - Business News

• Bank of England sounds warning of interest rate hikes ahead

  Inflation could rise to 6.2% next year, with interest rates peaking at 5.25%, in the event of a prolonged energy shock with oil prices remaining above $130 a barrel, according to a worst-case scenario modelled by the Bank of England.

• Premier Inn and Beefeater owner blames tax rises for cutting nearly 4,000 jobs

  The owner of hotel chain Premier Inn has announced plans to cut 3,800 jobs, blaming higher costs, as part of an overhaul of its restaurants.

• Elon Musk says Sam Altman tried to 'steal' charity, as moguls contest $150bn court battle

  Elon Musk has accused his rival Sam Altman of trying to "steal" a charity as he fights his $150bn (£111bn) court claim over OpenAI.

• Iran war: UK borrowing cost at its highest since 1998 as oil price shoots up

  UK long-term borrowing costs have hit their highest level since 1998 while oil prices have notched a new Iran war peak amid fears of extended disruption to energy flows from the Middle East.

• UAE exits Saudi-controlled OPEC cartels in fresh oil market shock

  The United Arab Emirates (UAE) has said it is to leave the OPEC and OPEC+ cartels of oil-producing nations, potentially threatening greater turbulence for global energy markets ahead.