PPI payouts 'boost Christmas spend'

Compensation pay-outs following widespread insurance mis-selling scandals will help boost high street spending in the run-up to Christmas to £88.4 billion, analysts say.

The forecast of a 2.2% rise in retail spending during the last three months of the year is attributed to improving consumer confidence as well as one-off factors such as pay-outs over payment protection insurance (PPI).
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