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FCA fines motor finance firm

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The Financial Conduct Authority, which is the City watchdog, has fined car finance provider Moneybarn ?2.77m for not treatingcustomers fairly when they fell behind with loan repayments.

The company voluntarily coughed up ?30m to customers affected.

Moneybarn is part ofProvident Financial plc, a FTSE 250 company. It provides motor finance for usedvehicles predominantly to customers who have bad credit.

Post-Brexit price rise?

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British shoppers should brace for a rise in food and less choice if the government fails to come up with a plan for regulatory checks at ports with the European Union, the British Retail Consortium said.

Official negotiations start next month.

"The issue is simple higher tariffs and extensive checkswill harm consumers, retailers, and the UK economy. Thegovernment must set about to negotiate a zero tariff agreementthat minimises checks and red tape otherwise it will beconsumers who suffer as a result," said BRC chief executiveHelen Dickinson.