The UK Supreme Court has overturned a previous ruling on motor finance commissions, delivering a favorable outcome for banks involved in car finance. The court decided that compensation should only be paid in the most serious cases of motor finance mis-selling. Following this decision, the Financial Conduct Authority (FCA) announced plans to consult on a potential redress scheme for customers affected by mis-sold car finance loans. The FCA estimates that the total cost of this compensation scheme could range between £9 billion and £18 billion, significantly lower than previous estimates which had gone as high as £44 billion. The FCA indicated that payouts to individual consumers are likely to be less than £950 per deal, and the first payments are expected to begin next year. This ruling has positively impacted shares of UK lenders, with Lloyds Bank shares rising by 6.8% and Close Brothers by 30%. The FCA emphasized that the compensation amounts will be substantially less than those paid out during the Payment Protection Insurance (PPI) scandal. The consultation on the redress scheme is expected to be released by early October 2025. Meanwhile, the UK is also preparing for Storm Floris, which is forecast to bring unseasonably strong winds of up to 90 mph, particularly affecting Scotland and northern England. The Met Office has issued amber weather warnings, and travel disruptions including train and ferry cancellations are anticipated. Authorities have urged residents to stay indoors as the storm poses a danger to life in some areas.