Can you save money with public transport?
A survey by the RAC has found that over one third of UK drivers are actively considering downsizing their cars in order to save money. While this is not surprising it will be a shock to the motor trade which has probably had its worst six months for many decades. If drivers are still considering downsizing after the fall in car sales of late is this an opportunity for the pubic transport network to step in?
The reasons for the possible downsizing are simple, the rising cost of fuel, increased road taxes and the ever increasing cost of insurance. Many drivers are also deeply concerned about the increase in uninsured drivers which is costing the industry and law abiding drivers hundreds of millions of pounds a year.
The government seems to 'have it in' for motorists but the problem which many have is the fact that public transport (although better than it has been for some time) is just not accessible or reliable enough for many. However you need to ask yourself what comes first, a reduction in motorists and more income for public transport or further investment in public transport and then the transfer of motorist onto public transport?
Share this..
Related stories
Mortgage approvals rise in September
It has been announced that mortgage approvals in the UK rose from 32,000 in August to 33,000 in September, a substantial improvement on market expectations.
This is the first increase in actual mortgage approvals since 2007 and while still a third down on levels for last year thankfully the figure has not fallen any further. This would however indicate further substantial pressure o...
London house prices rebound strongly
Prominent property website Rightmove has today confirmed that London property prices, at least in some areas, have returned to the peaks of 2007 despite the fact that the UK economy is still under pressure. While this is good news in the longer term, many people believe the move has come too soon and could cause confusion and mayhem in the short to medium term.
As more and more prop...
Make the most of your ISA allowance – Time is running out
On 6th April 2013 the new tax year begins. Among many other things, this means that your ISA allowance is renewed for another twelve months. For those of you who have not maximised your ISA allowance in 2012/2013, or who are planning to open an ISA, it is key to try and put as much as possible away before the start of the new tax year. This is particularly important for those who have either t...
Read MoreBarclays investor banks £2.25 billion profit
One of the mega rich investors from the Middle East who effectively bailed out Barclays bank in 2008 has sold his remaining stake in the operation via a complex hedging arrangement with Nomura bank. Sheikh Mansour bin Zayed al-Nahyan has in the process increased his cumulative profit on his original stake to £2.25 billion. Those who watch the UK financial sector will be aware that in the depth...
Read MoreAre you fully insured?
As you might expect, the recession has brought a number of criminals into play and burglaries and thefts have increased dramatically over the last two years. Even though many people are insured for the household goods and possibly garden items, it would appear that many people are underinsured as they have not reviewed their insurance policies for many years.
It is no secret that mo...