Payment protection refunds could be a timely boost to consumers' income levels as the average wage rise is now much less than the rate the cost of living is increasing at.Private sector pay rises rose by a median average of 2.6 per cent during the three months leading up to August, while their public sector counterparts' pay did not changed at all, new figures from Incomes Data Services (IDS) showed.Some workers in the private sector received small protection payments of £250 to guard against rising living costs. However, according to the IDS, this equates to much less than the rate of inflation.The Bank of England recently announced that the current consumer price index is 5.2 per cent and MoneySupermarket.com stated people who pay the lowest level of income tax now need to find a savings account that offers a 6.51 per cent rate of interest to gain any real-term benefit."For savers, the low number of products which currently offer a return above inflation, means keeping a closer eye on their interest rates," said Kevin Mountford, head of banking at the comparison site.
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.