The end of a scandal: banks near a final release from their PPI liabilities

As the deadline approaches, the loss of payouts will have a big impact on the claims industry – and, some fear, the economy

It’s a date that some in Britain have been dreading, but that for others can’t come too soon. No, not 31 October, the Brexit date, but 29 August – the final deadline for complaints about payment protection insurance (PPI).

At 11.59pm this coming Thursday, the UK’s financial regulators will bring down the shutters on Britain’s costliest ever consumer scandal.

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