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PPI Claim News - 23/2/2010

 
Bank reclaim: The real 'victims' are savers

In the middle of a backlash against bankers the real "victims" are still the savers, a leading financial journalist has claimed.

Justin Harper said hiked credit card charges, low interest rates, a decline in personal saving schemes and a continuously low Bank of England (BoE) base rate of just 0.5 per cent are detrimental to consumer saving.

In an article for the Telegraph he said that regardless of whether inflation continues to rise or fall, savers will repeatedly be hammered as rates continue to "plummet".

"They have spent a lifetime putting money aside and now are fighting a losing battle to get a real rate of return.

"Meanwhile, the bankers who brought the world economy to its knees seem to be just as keen as ever to grab their bonuses and carry on as if nothing had happened," claims Mr Harper.

His comments come after it was revealed that credit card charges and interest rates have hit a 12 year high, while the BoE base rate remains at a 300 year low.

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-19630939-ADNFCR



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