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PPI Claim News - 7/10/2011

 
PPI Claims: MPC vote 'disaster for savers'

PPI claims could be useful as people will find it difficult to save using conventional means in the near future.

Saga's director general Dr Ros Altmann said the Monetary Policy Committee's (MPC's) recent decisions will be a "Titanic disaster" for people looking to put money away.

The MPC voted to keep the base rate of inflation at 0.5 per cent for the 31st consecutive week yesterday (October 6th) but also chose to restart quantitative easing by expanding the Asset Purchase Scheme by £75 billion.

Dr Altmann explained that quantitative easing was like an electronic version of printing money and it would lead to higher rates of inflation and will keep interest rates low, meaning it was a double setback for savers and will do little to inspire growth in the economy.

She called for the authorities to notice these dangers and remedy them before it was too late.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-800751908-ADNFCR



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