Shares in British lenders surged on Monday after a Supreme Court ruling on motor finance claims last week went largely in their favour, although it still left banks facing billions of pounds of potential compensation claims collectively.

In a partial win for lenders, the court rules they're not liable for hidden commission payments in car finance schemes.

Millions of drivers potentially owed compensation over hidden commission payments in car finance schemes could still be able to claim – but they need to “be patient” for a potential automatic repayment scheme, money expert Martin Lewis said.