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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



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