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PPI News - August 2012

PPI Complaints to the Ombudsman Rising Daily

20 August 2012

The UK financial ombudsman is receivng 1,500 new claims for Payment Protection Insurance (PPI) every day.

» Read more at the BBC

PPI Acts as Stimulus

13 August 2012

There has been some talk on PPI acting as a stimulus for the UK economy.

This theme was also picked up by The Guardian, which states:

"...estimates by the National Institute for Economic and Social Research, quoted by the FT, show that if PPI compensation reaches the worst-case (for the banks) estimate of £15bn, the upshot could be an increase in GDP of 0.7%. "

» Read the full story at The Guardian

> Return to main news page

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