Lucy Rigby

Lucy Rigby is a UK City minister who has been accused of ignoring a £2 billion tax loophole benefiting big banks in the car loans scandal. She was urged to intervene by a parliamentary Treasury committee member after it emerged that lenders such as Barclays, Lloyds, and Santander could sidestep rules designed to ensure banks pay tax on their car finance activities. This development is newsworthy as it highlights concerns about regulatory oversight and the impact of tax loopholes on taxpayers. The current relevance lies in the ongoing scrutiny of financial regulations and the need for effective governance in the City. Rigby's actions, or lack thereof, have sparked debate about her role in addressing these issues.