Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Credit card charges: Family incomes set to plummet

An increasing number of families may experience credit card charges as household incomes are set to plummet by around £1,000 per year.

That is according to research Institute for Fiscal Studies, which has revealed that Brits have experienced the largest fall in real incomes for the average family for 30 years, reports thisismoney.co.uk.

The news provider quotes the report, revealing: "Recent IFS research forecasts a fall of 2.2 per cent in median income between 2008/09 and 2010/11.

"And were such a fall to be found in next year's data, it would represent the largest fall in median incomes since 1981, leaving median income close to its level in 2004/05."

This report follows news that the Bank of England predicts inflation could reach five per cent over this year and next.

The Bank of England also claims that inflation will remain above the two per cent target for the whole of 2012.
Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.
 ADNFCR-2776-ID-800533535-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