Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI: Inactive bank accounts will be raided to fund Big Society

David Cameron has announced that the government's Big Society scheme will be funded by inactive bank accounts.

The prime minister confirmed that 'hundreds of millions of pounds' will be taken from dormant accounts which have not been used for 15 years.

Repossessed funds will be given to local charities, voluntary groups and social enterprises to help them take over responsibility of public services.
A Big Society Bank will help organise funding requests and administer grants to successful applicants.

Mr Cameron said: "These unclaimed assets, alongside the private sector investment that we will leverage, will mean that the big society bank will - over time - make available hundreds of millions of pounds of new finance to some of our most dynamic social organisations."

The British Banking Association has estimated that around £400 million may currently be lying in these accounts.

The Labour Party announced a similar programme in 2005, although plans failed to fully materialise.

Posted by Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking. ADNFCR-2776-ID-800003228-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 
Town
County
Post Code 
Email 
Circumstances
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 www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, 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