PPI redress tips £2bn in 2011

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The strain of the payment protection insurance (PPI) mis-selling scandal shows no sign of slowing as figures from the FSA show redress payments surged to a new monthly high in December.

It took the total paid during 2011 to within touching distance of £2bn, although this sum is likely to be dwarfed by the final total, expected by some to reach as much as £8bn. December's new hi...

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