Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan Protection: No interest rate rise 'until Sept 2011'

Interest rates are not expected to rise until September 2011 as the government strives to protect the economic recovery.

Nick Scarrett, head of investment and pensions at Fair Investment Company, claimed the base rate could stay at 0.5 per cent until "this time next year".

He said: "The Bank of England is almost certainly going to leave the base rate as it is on Thursday in an attempt to protect the economy's somewhat muted recovery from a deep recession.

"Although many economists are predicting rises earlier than originally thought, there is still no real suggestion that the rate will rise by this time next year."

It appears the British public disagree with Mr Scarrett, as 69 per cent of those surveyed by the Fair Investment Company claim the base rate will rise over the next 12 months.

The Monetary Policy Committee is due to meet tomorrow (9th September) to decide if rates should be changed.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt ADNFCR-2776-ID-800057774-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