PPI refunds 'boost UK economy'

Owen Humphreys/PA Wire/Press Association Images

Refunds to customers who were mis-sold payment protection insurance are having a similar effect on the UK economy as a tax cut, it has been suggested.

Around £10 billion has been set aside by banks to cover claims being made by people who were sold insurance they did not want or need, in what is predicted to become the biggest consumer financial scandal of all time.
%VIRTUAL-SkimlinksPromo%