More drivers in the UK could be in need of compensation from a payment protection insurance (PPI) claim just to stay on the road. A new study conducted by Hastings Direct has highlighted the extent of the financial hardships that have been caused by sky high petrol prices. The research showed that 78 per cent of motorists have been forced to change the way they drive and how often they get behind the wheel, as rocketing costs at the pumps have started to take their toll. One in five of the survey respondents admitted that they would get rid of their vehicle altogether if petrol prices reach £2 a litre. Managing director at the insurer Tobias van der Meer said that motorists "cannot and will not" continue to pay extortionate prices to run their cars. Nationwide's latest Consumer Confidence Index showed that Britons hold a bleak outlook for their own finances in 2012, as the cost of living continues to grow at a faster rate than wage increases. Amir HussainAmir specialises in personal loans, consumer debt and debt management.
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
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* 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.