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Bassetlaw MP John Mann has said that today’s fine by the Financial Conduct Authority for Lloyds Banking Group’s latest failure to deal with their historic PPI claims shows the bank has yet to get a grip on its biggest legacy issue.

 

The FCA has today fined Lloyds Bank a record £117 million due to the failings of its own procedures when dealing with PPI mis-selling complaints. The bank has had to set aside over £12 billion to cover the costs of this scandal and that number is likely to increase as a result of today’s fine.

 

John Mann said “Today’s fine is just the latest problem to hit Lloyds Banking Group and it appears that the senior management at the bank just haven’t got a grip on the problem.”

 

Mann continued “The taxpayer still owns a 19% stake in the bank and its time we heard from the senior non-executive directors about what they have been doing whilst the bank lurches from one scandal to the next.”

 

“It seems that they have been happy to collect a hefty salary for sitting on the board but have been neglecting their duty to hold the directors to account. They have been fiddling whilst the bank burns.”

When will Lloyds Bank get a grip?

Bassetlaw MP John Mann has said that today’s fine by the Financial Conduct Authority for Lloyds Banking Group’s latest failure to deal with their historic PPI claims shows the bank...

Bassetlaw MP John Mann has today condemned the decision by the Independent Parliamentary Standards Authority to launch a consultation on their proposals to increase MPs pay to £74,000 a year.

 

John Mann has consistently spoken out against the proposals and repeatedly urged the Parliamentary authorities to stop this decision.

 

John Mann said “At a time when the Chancellor is asking every Government Department to cut billions more from their budgets and public sector employees have been offered a 1% pay increase this decision needs stopping.”

 

Mann continued “This decision to award a massive pay increase shows that Westminster still doesn’t get it, your first decision as a newly elected or re-elected MP should not be to award yourself a pay rise.”

Proposed MP pay rise - Westminster still doesn't get it

Bassetlaw MP John Mann has today condemned the decision by the Independent Parliamentary Standards Authority to launch a consultation on their proposals to increase MPs pay to £74,000 a year....

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