Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claim: Consumers to spend more this year

Those who have been keeping a tighter grip on their finances could soon be letting their cash flow more freely, according to a new report.

Ernst & Young's Item Club predicts that there will be a rise in confidence among consumers this year, aided by an increase in personal tax allowance and a recovery in the housing market.

The increase in personal tax allowance is set to see consumers taking home an extra £300 per year, while schemes such as Funding for Lending and Help to Buy will aid in helping them gain cheaper loans.

Indeed, the results of the government schemes have already been shown with increases in house sales.

Nevertheless, people should ensure that they have money set aside in case of any further financial difficulty. Weak employment, for example, is still expected to constrain consumer spend.

Additionally, house sales could still ramp up mortgage payments as there are fears Help to Buy could create a housing bubble.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801597594-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