The figures surrounding what is probably the biggest ever financial scandal ever to hit the UK are truly mind-boggling.
Millions of consumers across Britain are in increasing danger of missing the PPI claims deadline and losing the chance to find out if they are owed.
The banks have set aside billions of pounds to compensate customers who were mis-sold PPI, yet many consumers still haven’t checked if they have it.
Shocking documents have come to light revealing that the Financial Ombudsman Service (FOS) uses computers rather than humans to decide on appeals for rejected PPI claims.
Lloyds Banking Group (LBG) has added another £90 million to its PPI provision as the number of new PPI claims continues to rise.
The latest increase comes on top of more than £18 billion it has set aside to pay successful claims since January 2011 – more than half of the overall total paid out by the finance sector so far.Read More