Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI claim news: Clegg urges action on tax

People who have relied on a successful claim against mis-sold payment protection insurance (PPI) to boost their bank accounts could see significant changes made to the UK's tax system.

Speaking to BBC One's Breakfast show, deputy prime minister Nick Clegg suggested that the coalition must raise the tax threshold to £10,000.

By doing so, people who earn less than this on an annual basis would be exempt from taxation, which may give low earners some much needed respite at a time when the cost of living is spiralling upwards.

The tax threshold was raised by £1,000 by the government in 2010 to £7,475 and another increase is expected in the next Budget.

"Because things are very tough … I believe we should do this [raise the tax threshold] further and faster," Mr Clegg told the broadcaster.

The leader of the Liberal Democrats has also called for bankers' bonuses to be scaled down this week, as the country's economy is still in a precarious position.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801275928-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