People experiencing credit card charges may not be surprised to hear that financial wellbeing fell during the first quarter of 2011.Alliance Trust's UK Financial Reality Index dropped from 80.9 seen in the last three months of 2010, down to 75.8.The company claims that this was driven by declines in both the economic background and the net wealth components.Shona Dobbie, head of the Alliance Trust Research Centre, said, "The decline … is disappointing as it more than reverses the gain recorded in Q4."Households continue to face a number of headwinds, including elevated unemployment, continued rises in basic costs and high debt levels."On top of this, economic activity slowed, house prices declined further and stock market performance weakened."She said that these factors suggest that household spending will remain muted in the coming months and that further pressure will be placed on households because of cuts to fiscal spending.John FieldmanHaving worked in the city for 19 years, John's main focus is interest rates and corporate finance.
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.