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448789

registered interest
date	28/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance: Misrepresentation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the total amount of payment protection insurance payments made since 2010.
tabling member printed	Lord Darling of Roulanish
uin	HL5569
answer	answer is ministerial correction date of answer 09/02/2016 answer text <p>The most recent figures available from the FCA show that a total of £393.8m was paid in November 2015 to customers who complained about the way they were sold PPI. This takes the amount paid out since January 2011 to £22.2bn.</p><p> </p><p>The most recent analysis of the impact on GDP is the Office for Budget Responsibility’s 2012 Economic and Fiscal Outlook report, which stated that its economic growth forecast of 0.8% over 2 years would be mainly due to the impact of PPI fee repayments.</p> answering member printed Lord O'Neill of Gatley grouped question UIN HL5570 question first answered 09/02/2016 16:01:01 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	596 label Biography information for Lord Darling of Roulanish

448790

registered interest
date	28/01/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Insurance: Misrepresentation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what estimate they have made of the impact of payment protection insurance payments made since 2010 on UK gross domestic product.
tabling member printed	Lord Darling of Roulanish
uin	HL5570
answer	answer is ministerial correction date of answer 09/02/2016 answer text <p>The most recent figures available from the FCA show that a total of £393.8m was paid in November 2015 to customers who complained about the way they were sold PPI. This takes the amount paid out since January 2011 to £22.2bn.</p><p> </p><p>The most recent analysis of the impact on GDP is the Office for Budget Responsibility’s 2012 Economic and Fiscal Outlook report, which stated that its economic growth forecast of 0.8% over 2 years would be mainly due to the impact of PPI fee repayments.</p> answering member printed Lord O'Neill of Gatley grouped question UIN HL5569 question first answered 09/02/2016 16:01:01 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	596 label Biography information for Lord Darling of Roulanish