Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the potential increase in demand on the court system as a result of the deadline for making PPI claims via the Financial Ombudsman; and if he will make a statement.

The Financial Conduct Authority (FCA)’s decision to set a deadline for mis-sold Payment Protection Insurance (PPI) was announced in August 2017, and gives consumers two years to make a claim. The government is confident in the FCA’s approach to handling mis-sold PPI and the deadline was set by the FCA in their role as an independent regulator. As this was an FCA decision and not legislation, the Chancellor has not made an assessment on the impacts on the court system resulting from the deadline.