Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan charges: Base rate 'to remain on hold'

The base rate is to "remain on hold" for the foreseeable future, an expert has said.

Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, claims that his organisation is predicting base rates will not change for "some time to come".

He said: "We agree with the Bank when it attributes the bulk of the overshoots to VAT. VAT is likely to keep inflation at, or above, three per cent for much of this year too. But it should drop back below target this time next year, as VAT falls out of the calculation."

Mr Goodwin added that as there is no sign of a wage response, the Money Policy Committee (MPC) "will be able to sit tight".

His comments come ahead of the MPC's first meeting of 2011, which is due to take place on Wednesday (January 12th).

At its last meeting on December 9th, the MPC voted to maintain the official bank rate paid on commercial bank reserves at 0.5 per cent.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.
 ADNFCR-2776-ID-800332674-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 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