It has been reported that at least 20,000 jobs have been created to deal with claims over mis-sold payment protection insurance (PPI).
PPI claims are proving to be a mammoth task – which has resulted in the employment of thousands of jobseekers.
It is understood that many of the jobs have been created by big banks and do not take into account those created by claims management companies.
Recruitment agency Manpower, which surveyed more than 2,000 firms, said more employers were planning to increase their recruitment in the second quarter of this year.
According to Manpower’s UK managing director, Mark Cahill.
“On face value, you’d think we were in the midst of a boom, but many of the jobs created here are the direct result of the mis-selling of PPI and interest rate swaps. These scandals have spawned a new industry to deal with the fallout.”
Mr Cahill said the jobs boom created by PPI mis-selling was set to continue:
“Within the last month alone, we have seen big names like Barclays and Lloyds massively raise the amount of money set aside to deal with PPI claims.
A whopping £17bn has already been allocated, and some commentators think that number could rise much further. The consequence of this will not only mean cash in people’s pockets, it will also translate into jobs.”
Dealing with the rise in PPI claims is something we have taken in our stride. Here at Edward Hands & Lewis, we can assist clients who have been mis-sold PPI or interest rate derivative products. To find out if you are eligible to make a claim contact us for a no obligation discussion on 0800 999 8880.
Frances Jacobs is one of our Solicitors in Leicester, who are all experts in their fields and dedicated to quality client care. If you would like to find out more about our solicitors in Leicester please contact us.
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