Mis-selling payments hit £379m

Clive Gee/PA Wire/Press Association Images

A record £379 million has been paid out in a month to consumers who were mis-sold payment protection insurance (PPI), the Financial Services Authority (FSA) has said.

The sum, which covers the month of November, is a rise from £268 million paid out in October, which had previously been the highest month recorded for redress since the figures began about a year ago.