Barclays chair condemned after calling many PPI claims 'fraudulent'

Consumer champion Martin Lewis said John McFarlane’s comments were ‘outrageous’

Consumer champion Martin Lewis has condemned as “outrageous” comments made by the Barclays chairman, John McFarlane, that claims for payment protection insurance compensation have turned many Britons into fraudsters.

McFarlane, who has worked in banking for more than 40 years, said a huge proportion of compensation claims were fraudulent and that the PPI claims culture suited the government by fuelling consumer spending on flat-screen TVs.

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