Why shopping around for your car insurance is vital!
As we covered in one of our recent articles on motor insurance, the AA reported a 7.2% increase in average car insurance premiums in the final quarter of 2009. However, the annual increase in car insurance premiums is well into double digits and there is serious concern that motorists will be hit with higher and higher premiums in the short to medium term.
Many of us will have been with the same car insurance company for a number of years and ultimately there are thousands in the UK who will never have looked around. However, there are many comparison websites available which will indicate any potential savings you could make by taking your car insurance elsewhere. Even if your current insurance company turns out to be the most cost-effective for your situation then surely a quick look around the comparison websites will do you no harm?
The truth is that developments in the online arena now make it easier than ever before to check out a whole raft of different car insurance companies using one simple form. Gone are the days when individual e-mails and individual forms had to be completed, and in many cases you will have a summary of estimated car insurance premiums from different providers within a matter of seconds. Many people have made savings into the hundreds of pounds simply by looking around, so what do you have to lose?
Is this the end of the free market?
Many experts believe that the events of the last 18 months could herald the end of the free market in the UK finance sector. Never before has one sector been proven to be so instrumental in the direction of an economy as the UK financial sector over the last few months. No future government in UK can really afford to give one area of the UK economy so much power and we could see the end of the fre...Read More
UK banks increase savings rates to fund mortgages
Over the last few weeks there has been a significant increase in savings rates across UK with banks and building societies all very keen to secure finance for the future. By increasing savings rates to around 5%, a full 4.5% higher than the UK base rate, they are then able to charge in excess of 5.5% for mortgage arrangements and take the difference as their profit.
It is no surpris...
UK government to slash £500 million advertising budget
The coalition government has today issued figures relating to the previous Labour government and a £532 million advertising bill for the year ended March 2010. While this figure is £8 million less than the previous year, advertising spend under the Labour government increased from £344 million in 2005 to a record £540 million in 2009. So is the coalition government right to slash this particul...Read More
Is it time to nationalise Royal Bank of Scotland?
The UK government appears intent on throwing billions upon billions of pounds towards the Royal Bank of Scotland with other financial operations such as Lloyds Bank apparently been left in the lurch. For some reason the Royal Bank of Scotland seems to be taken precedence over everything else in sector and there are serious concerns that too much focus is being placed upon the once leading Scottish...Read More
Experts gloomy on property slowdown
The current property downturn might wipe 20 per cent from the value of UK homes, a new poll indicates.This was the average forecast for the house price decline from a panel of property experts contacted for the survey by news agency Reuters.Analysts at banks, investment firms and research institutions were all among the poll respondents.Some of the experts even expected a drop in housing value of...Read More