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Millions of PPI customers can now make new claims for up to £40,000

Millions of PPI customers can now make new claims for up to £40,000 after latest court ruling Around 64 million PPI policies were sold across the UK between 1990 and 2010. More than £35 billion has already been successfully claimed in PPI compensation (Image: Getty Images) Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice

NatWest blasted over legal costs for new PPI cases

Natwest has been slammed for wasting taxpayers money on hot-shot lawyers to crush new payment protection insurance claims. The bank – 62 per cent owned by taxpayers – is thought to have spent in excess of £10,000 on individual court cases to battle customers who believe they were mis-sold PPI. In a court hearing in September, Judge Simon Mitchell questioned why NatWest was spending so much defending a PPI claim. He said: This is a £2,000 claim which the Royal Bank of Scotland are running at a cost vastly more than £2,000. I ask myself why is that? Natwest has been slammed for wasting taxpayers money on hot-shot lawyers

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