The huge and mounting cost of PPI
Banks face spiralling PPI-related costs – not just from fines and compensation, but also from appeal fees
Imagine taking a £10 note and burning it to ashes. Say it would take about 15 seconds to be completely destroyed (I haven't tested this; times are tight). If you did nothing else all day and all night but burn £10 notes one after the other (or maybe got someone else to take over so you could sleep and eat), you'd destroy about £1.7 million a month.
Not enough.
Now imagine taking a shovelful of £10
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