UK motor insurance premiums increase yet again
The AA insurance has today commented upon the state of the UK motor insurance market with a suggestion that the average comprehensive motor insurance policy is now costing in excess of £1000 a year. This is an increase of around 20% on the 2008 figure and is predominantly because of fraudulent claims and the damage caused by uninsured drivers in the UK.
All in all it is believed that UK motorists will face an additional £2.1 billion in insurance costs this year alone purely and simply because of these fraudulent claims and uninsured drivers. Despite the fact that the recession is still impacting upon many people around the UK, and indeed some people are considering downgrading or even cancelling their car insurance, the cost of insuring your vehicle continues to climb higher and higher.
In what is certain to become something of a vicious circle, a 20% increase in motor insurance premiums will almost certainly see more people taking the risk of driving uninsured which will yet again feed into the cost of insurance premiums in the future. Quite why perfectly legal and insured drivers have to pick up the bill for those who have decided not to take out insurance, which is illegal, continues to remain a mystery to many in the UK.
Unpaid overtime totals £27.4 billion in 2009
In a reflection of how difficult a year 2009 was for the UK economy, it has been revealed that a massive £27.4 billion was worked in unpaid overtime by UK employees. This equates to a record £5,400 per worker in the UK and is the largest figure since these records began. While many people would expect to "do a little extra" to secure their jobs in these difficult economic times the amount of wor...Read More
Will UK base rates move in 2010?
The subject of UK base rates has been prominent in the minds of many analysts and economists over the last few months with very different views expressed regarding any potential movement in 2010. On one hand we see the UK economy struggling to pull free of the recession, with some suggesting a double dip recession, and on the other we see a surge in the rate of inflation which needs to be addresse...Read More
Councils spend more on compensation than fixing our roads!
It has been revealed that councils throughout the UK are paying out more in compensation to drivers than they are fixing the roads of the UK. Last year councils throughout the UK spent £52.3 million repairing holes in the road while at the same time paying out £53 million in compensation to drivers alleged to have suffered damage to their vehicles because of the state of roads in the UK. Is th...Read More
Alastair Darling defends his national insurance increase
Chancellor of the Exchequer Alastair Darling has today again defended his move to increase national insurance in 2011. This comes after the Conservative party announced a partial U-turn on the proposed increase by the Labour Party with those earning less than £45,400 a year to be protected from an increase in national insurance tax. The Labour Party has hit back with suggestions that the Conserva...Read More
0870 numbers 'a rip-off'
Energy companies and banks are among the companies criticised in a new report which claims that consumers are being forced to dial expensive premium-rate numbers for customer service.A survey of around 1,000 people by Which? found that most were unaware of the costs involved in dialing 0870 Ã¢â‚¬" one of the most expensive corporate numbers.The consumer group said there was "huge confusion"...Read More