Latest Update on PPI Judicial Review - NO APPEAL - get your claims in......

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

Have you guys seen this?

http://www.citywire.co.uk/money/bank...test-news-list

same as most, but still interesting!

CT

[mishawest]

Re: Latest updates on PPI Judicial Review and claims on hold

Just laughing at the bradford and bingley chap ..... if only it was that easy!!
On edge here waiting for some update, when do they break for lunch?

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

12 would be nice

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

defo on tenter-hooks, who thought administrative law could be so thrilling?!

CT

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

pmsl - the bank charges one was worse !

You really should try and go Chip (if it carries on past today) It really is a great atmosphere and very very interesting.

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

I'd love to, but work calls I'm affraid (taken all my holiday already)

... unless I got sick... cough, cough!

CT

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

Maybe 1pm for lunch then ?

[mishawest]

Re: Latest updates on PPI Judicial Review and claims on hold

Cant cope - surprised MSE havent got anything on their website - thought the 2consumer champion " would be all over this!!

[Chip Tuesday]

Re: Latest updates on PPI Judicial Review and claims on hold

Martin's trying bless him! There was an article this morning:
http://www.moneysavingexpert.com/new...-in-high-court

It's a good introduction for those who may have missed some of the build-up, but it says nothing new. Personally I think the most interesting article of the day has been the Which? one:

http://www.which.co.uk/news/2011/01/...-which-242857/

CT

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

Don;t think anyone from MSE is there today, but not sure. Martin was on TV this morning about PPI I believe, though I missed it. Which? have reported the long queue lol.

Well hopefully someting more substantial soon ........

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

boo !

(still nothing sorry couldnt resist)

[mishawest]

Re: Latest updates on PPI Judicial Review and claims on hold

He he he - like children waiting for santa arent we?!

[Amethyst]

Right, report back from RCJ at lunch break....

This morning has just been the BBA counsel - Lord Pannick QC - talking in a very monotone measured (slow) manner all morning. It looks unlikely that the FSA and the FOS will be able to put their case forwards today.

The case has attracted a lot of attention and it was lucky EXC and Tom got in, massively long queues and the court room was absolutely packed.

Nothingwe don't already know has come up in the BBAs monologue so far except maybe some figures that in 2006 an estimated 6.5 million policies were sold annually making £5.4billion per annum !!!!!

The Judge has asked a few explanatory questions but otherwise the morning was just the BBA putting their case forwards.

Counsel for the FSA spoke only once, when the BBA described the FSA's new requirements as 'new rules' - FSA's counsel leapt to his feet and said quite markedly ''no new rules, they are evidential provisions ''.

The BBA put forwards that the FSA had estimated the new measures will cost a certain amount and the BBA refuted their estimates, indicating it would cost a lot more. Justice Crousley asked the BBA what evidence they have that it will make a material difference in liability, and BBA's counsel couldn't answer.

The BBA described the principles in the FSA policy statement, of which there are 11, as the '' ten commandments '' and there was some debate over the relationship of the principles and the ICOBS rules.

In the BBA's summarising their case at the end, tey had two main point. The Judge interjected on the second point and said ''but doesn't this counter your first argument.''

Starts again at 2.05. Finishes around 4.30/5pm.

Eric Leenders was in court. Not sure who else.

[mishawest]

Re: Latest updates on PPI Judicial Review and claims on hold

Thanks amethyst, so no chance of knowing whether it will be granted today then.
Oh well back to work.......

[Amethyst]

Re: Latest updates on PPI Judicial Review and claims on hold

no idea if that makes sense was writing while EXC was talking, I'll go back and edit it into sentences lol.