Lucy Rigby

Lucy Rigby is the UK City Minister. She is currently newsworthy due to accusations that she is ignoring a significant £2 billion tax loophole that benefits major banks involved in the car loans scandal. This issue was brought to light by a member of the parliamentary Treasury committee, who urged Rigby to intervene. The loophole allows lenders like Barclays, Lloyds, and Santander to potentially avoid paying taxes on profits from car loans. Rigby's perceived inaction has drawn criticism, suggesting she is snubbing taxpayers. Furthermore, as City Minister, she is also involved in broader financial initiatives, including the UK Treasury's development of new regulations for cryptocurrency markets, aiming to regulate them similarly to other financial products under FCA oversight by 2027.