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PPI Claim News - 18/12/2009

Bank charges: Economic recovery 'a long way off'

Consumers could suffer at the hand of steep bank charges for some time if one analyst's glum economic outlook rings true.

According to BNP Paribas, the UK economy is likely to remain in turmoil for some time, and will go through a "soft patch" before significant improvements are made.

Alan Clarke, an analyst at the company, did provide a silver lining though, suggesting it was unlikely the country would suffer a double-dip recession, even if it will take some time for a recovery to be mounted.

"I think we will have a soft patch," he said.

"We are coming out of the recession, we will have a quarter or two of decent growth but then I think we will go back down."

His comments came after a survey by the Independent indicated that more than half of business leaders do not currently see any signs of economic recovery in their dealings.

With a further 11 per cent unsure if there have been any significant improvements it could be some time before consumers are freed from the current financial downturn that is leaving so many in debt.

Belmont Thornton can help you make a PPI claimPayment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19521239-ADNFCR

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