Whitehall officials believe the UK may need to make big payments to the EU to secure preferential trading terms after Brexit, according to BBC Newsnight.During the EU referendum, Vote Leave claimed leaving the EU could save the UK £350 million a week in contributions. But an unnamed cabinet minister has told Newsnight that the UK may end up ‘paying quite a lot’ of that money to secure access to the single market. The Government said it would not give a ‘running commentary’ on negotiations. PPI
Banks are trying to claw back PPI compensation paid years ago to victims of the £25 billion mis-selling scandal, according to the Daily Mail.
Customers are receiving shock bills for thousands of pounds because banks wrongly calculated their payment protection insurance payouts. They are demanding customers hand back up to £15,000 as many as four years after the original payout was made.
Stepchange Debt Charity has today released results from a new survey showing that almost two thirds of people seeking its help with overdraft debts have regularly exceeded their limit and faced charges of £45 each time on average.
Commenting on the findings of the survey, Rachel Reeves MP for Leeds West and Member of the Treasury Select Committee, said: ‘Today’s survey from StepChange Debt Charity makes it crystal clear that those who are struggling with debt are having to use their overdrafts to keep up – and their situations are being made worse by having to pay an extra £225 on average for falling into unauthorised overdrafts.