Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 19/2/2010

Loan Reclaim: Higher inflation is lowering savings, warns expert

Low interest rates coupled with rising inflation is "very damaging" for savers, a financial expert has warned.

Martin Bamford, chartered financial planner for Informed Choice, said high inflation is "a bit of a cruel trick" on savers who are still faced with exceptionally low interest rates.

"It could be very damaging for savers if higher inflation remains with us over the medium term," he remarked.

His comments follow the publication of the latest inflation figures by the Office for National Statistics, which revealed inflation was up 3.5 per cent in January, compared to 2.9 per cent in the previous month.

Meanwhile, the Bank of England's Monetary Policy Committee voted yesterday to keep the bank rate at an all-time low of 0.5 per cent.

He said that "for the majority of savers, investments are probably not the right option" and advised consumers to continue paying off their personal debts such as car loans, home loans and credit card charges.

For free advice on how to make a PPI ClaimPayment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19625535-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide