Martin: ‘This is absolutely outrageous’
Speaking on BBC Radio 5 Live, Martin said: “You’d say this is the pot calling the kettle black, but it’s more the cauldron calling the thimble black. This is just absolutely outrageous.
“We have to remember that banks’ PPI selling was a systemic, deliberate, scripted protection racket that raked in well over £30 billion by selling insurers’ policies, and then an average of 66% of what people paid just went to give [the banks] a bung in the form of commission.
“These were policies where the premiums you paid were sometimes more than the maximum they would ever pay out, and people were lied to that they were compulsory.
“This was a fraud on one of the biggest scales we’ve ever seen in the UK and not one banker has been prosecuted for it. So I find it a little rich that the boss of one our biggest banks decides to call out the public for fraud.
“I think the man should have kept his mouth shut.”