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GDP, motor finance and BP

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Friday 12 April 2024 14:34, UK
Newly-released figures suggest the UK will be out of its technical recession early this year, following two quarters in a row of negative growth in late 2023.
Ian King discusses the latest Office for National Statistics (ONS) data about gross domestic product (GDP) with Victoria Clarke, chief UK economist at Santander corporate and investment banking.
Also, the financial regulator has written to providers of motor finance reminding them they must maintain adequate financial resources.
It is carrying out a review of discretionary commission agreements on car loans – a practice banned in 2021.
Plus, the state-owned oil company of Abu Dhabi has reportedly looked at BP as a possible takeover target.
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