Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank charges: UK economy grew last year

Contrary to previous reports, the UK economy showed growth last year.

The Office for National Statistics released a revision of its growth estimate for 2012, showing that the UK economy had grown by 0.2 per cent.

However, it still maintained its estimate that the UK economy had shrunk in the final quarter of 2012 by 0.3 per cent.

For the third quarter, growth was revised up to 1 per cent from 0.9 per cent. The estimated contraction in the first quarter of 0.2 per cent was changed to 0.1 per cent.

This news comes following the downgrade of the UK’s AAA credit rating to AA1 by major credit agency Moody’s, stating that the sluggish growth of the country’s economy was one of the reasons for this.

Part of the reason for the revision of UK economic growth estimates were due to the fact that oil and gas output was distorting the figures and had to be taken out.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801549930-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide