Treasury denies plans for compulsory MPPI

But Whitehall sources have suggested otherwise, claiming Treasury officials are becoming increasingly concerned about rising levels of personal debt being built up by homeowners who then fail to take out payment protection insurance. Rising levels of personal bankruptcies and county court judgement,s as well as the continuing rise in house prices, are all viewed with concern by the government, sources say. The cost to the public purse is also believed to be a consideration, as the government paid the interest on 223,220 mortgages in February this year up to a limit of £100,000. These pa...