Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 23/3/2010

Bank Charges: Budget to tackle 'financial exclusion' with bank accounts for all

Banks may become legally obliged to provide a basic bank account for all UK citizens, regardless of their financial situation.

The BBC claims to have insider information suggesting that the chancellor Alistair Darling will make this a statutory requirement during his 2010 Budget speech tomorrow.

Financial campaigners have already welcomed the move in anticipation of its eventuality, claiming it will go a long way to helping Britain's disadvantaged.

Mick McAteer, director of The Financial Inclusion Centre, told the news provider: "Millions of households in the UK are already blighted by financial exclusion, but the ongoing financial crisis is fundamentally reshaping financial markets with the risk that growing numbers face being excluded from the basic services that most of us take for granted."

BBC business editor Robert Peston described the proposals as the latest bid to tackle "financial exclusion" from the Treasury.

However, he warned that the UK banks are unlikely to hail the changes and will "probably see it as a bureaucratic burden".

Britain's banks have been heavily criticised for not doing enough to help consumers through the recession, despite many being supported through billions of pounds in taxpayers' money.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19683400-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