Savers must actively seek out alternatives in order to beat inflation, it has been claimed. Alan Easter, director of Willis Owen, one the UK's leading discount brokers, claims that the announcement that the base rate will remain at 0.5 per cent is not a surprise but that it is "hugely significant" for savers. He said: " The message this sends to savers is simple: with high street savings accounts continuing to provide below inflation returns, alternatives should be considered now to help people generate the income they are looking for."Placing savings in an investment fund could potentially yield much better returns. And with its tax efficient benefits the ISA allowance should be the first step for all savers." The Bank of England announced today (February 10th) that the Monetary Policy Committee (MPC) has voted to keep the base rate at 0.5 per cent. This is the 23rd consecutive month that the MPC has kept interest rates at this level. Charles Baker Charles is a reputed financial analyst with almost decades of experience under his belt.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and 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.