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Banks In Secret PPI Lobbying Push As the cost of the mis-selling scandal continues to rise, the UK's biggest banks strive to limit their total bill. Britain’s banks have embarked on a secret lobbying drive to curtail the soaring cost of the payment protection insurance (PPI) mis-selling scandal. The effort to limit the industry’s bill comes as the tab for the four biggest high street banks (Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland) last week passed £10bn following a rush of new claims submitted in the third quarter of the
The Prime Minister's adviser on digital strategy, Jonathan Luff, is leaving Downing Street to become a a lobbyist for Wonga, the controversial payday lender. One of David Cameron's senior advisers is leaving Downing Street to become a lobbyist for Wonga, the controversial payday lender. Jonathan Luff, the Prime Minister's advisor on digital strategy, will be able to start straight away at the company, which has been criticised for allegedly heavy-handed debt collection tactics. His move, first reported by Sky News, is likely to fuel the debate about the "revolving door" between ministeri