Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank charges: No triple-dip recession good news for banks

The UK has managed to avoid a triple-dip recession, giving banks the chance to get back on their feet, lower bank charges and increase lending.

Growth during the first three months of the year has occurred at a faster pace than expected.

The Office for National Statistics has estimated that gross domestic product (GDP) increased by 0.3 per cent during Q1.

For the government, avoiding a triple-dip recession was vital and chancellor George Osborne has said the figures are an "encouraging sign".

However, shadow chancellor Ed Balls claims there is no cause for celebration and the economy is merely back where it was six months ago.

Nevertheless, this will no doubt give banks and consumers the confidence they need to increase their activity in key markets.

It should also have knock-on effects among international investors, demonstrating the UK outlook is improving.

Mr Osborne said: "I can't promise the road ahead will always be smooth, but by continuing to confront our problems head on, Britain is recovering and we are building an economy fit for the future."

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801576966-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 
Post Code 
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 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