Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI Claims: Recession 'could be imminent'

More people could be checking to see if they are eligible to make a payment protection insurance claim next year as the fiscal windfall it provides could be a significant help to finances which are likely to be stretched.

Tim Drayson, Legal & General Investment Management's economist, stated that European and global economic problems in 2012 were likely to affect many British households and the UK faced the very real prospect of another recession.

"The euro area problems don't just affect Europe. Europe is a major trading area for … the UK. European banks have been major providers of credit to the global economy," he said.

He believes that the Office for Budget Responsibility's targets for economic growth are too optimistic and will not be reached.

Trevor Greetham, portfolio manager at Fidelity, recently stated that a recession in Europe will make the financial crisis in peripheral economies much worse.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801239486-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