Bill for PPI mis-selling scandal tops £40bn

Move by Barclays to set aside extra £600m further inflates already huge cost of UK mis-selling scandal to banking sector

Banks and financial services companies have racked up more than £40bn in costs to handle the payment protection insurance scandal.

The costliest mis-selling bill in UK financial services history became even more expensive on Thursday after Barclays set aside a further £600m to handle the cost of claims.

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