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Proposals to ban 'no win, no fee' advertising

One man’s compensation culture is another man’s access to justice, and which side of this argument prevails may soon be determined in the highest echelons of government.

Advice: For help with PPI Claims and PPI Reclaims please call 0800 043 1683.

In a move that could change the face of daytime television, it has been reported that Lord Young of Graffham – commissioned by David Cameron to investigate health and safety laws and the compensation culture – is to recommend an end to advertising by “no win, no fee” merchants.

Although some of these are law firms, most are claims management companies (CMCs), whose primary business model is to gather claims, mainly through advertising, and then sell them on to solicitors. It is an industry worth nearly £400m.

From one point of view, these are unnecessary costs that inflate the value of lawyers’ fees and ultimately drive up insurance premiums, as it is liability insurers who pay them. From another, they are marketing costs that lawyers would incur anyway.

British consumers are being handed even more generous credit card deals than those on offer before the recession, new research has shown.

Despite warnings of a potential double dip recession, banks are presenting struggling customers with offers of cheaper debt than they made available before the 2007 economic crash.

Experts warned that Britain could face a new “credit card boom” leaving families heavily in debt as they borrow to make ends meet and struggle to pay off the money.

The research, from two price comparison websites, found some banks were offering credit cards with attractive interest free rates for an introductory period of an average of 12.2 months.

This was longer than during the peak of the last credit boom but once they end leave families with high interest repayments.

More than one million homeowners are trapped with homes they cannot sell, research reveals today.

Advice: For help with Mis Sold Mortgages and Buy to Let or Sub Prime Mortgage Compensation please call 0800 043 1683.

Around 1.1million have tried to move in the last year but have been unable to attract buyers. Their plight can have a crippling impact as homeowners may be desperate for extra space for a new baby or need to move for a new job.

Others may be trying to sell to offload a mortgage they can no longer afford. the study by banking giant Santander found the number of 'failed sellers' was nearly double the number who did succeed in getting a buyer.

Since June 2009, around 725,000 owners have sold their property, according to official figures. But Santander found that another 1.1million Britons tried in vain to sell their home.

One man’s compensation culture is another man’s access to justice, and which side of this argument prevails may soon be determined in the highest echelons of government.

British consumers are being handed even more generous credit card deals than those on offer before the recession, new research has shown.

More than one million homeowners are trapped with homes they cannot sell, research reveals today.

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