AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance.
This comes at a time when the AA has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
Inflation drops to 1.7%
25/03/2014 The UK’s inflation rate fell to 1.7% in February, down from 1.9% the previous month. The rate of inflation in the UK, which is measured by the Consumer Prices Index (CPI), fell below the Banks of England’s 2% target for the second consecutive month One of the major factors which caused the drop in inflation was the price of petrol and diesel. According the Office for Nation...Read More
What has happened to Alistair Darling?
As the general election comes to a head, one face which has been missing from the TV and election trail is that of the Chancellor of the Exchequer Alistair Darling. If you cast your mind back to the time when Gordon Brown was Chancellor of the Exchequer and Tony Blair was the Prime Minister, they were literally joined at the hip. So where is Alistair Darling? While the Chancellor's name has bee...Read More
Could the World Cup give UK consumers a boost?
As we approach the South Africa 2010 World Cup there is hope that a good showing from the England team will give UK consumers, UK businesses and the UK economy a welcome boost. Historically we have seen boom time's in economies in World Cup years and there are hopes we will see a repeat this year as the UK economy desperately needs some inspiration. Pubs and clubs around the UK are already lick...Read More
BoE proposes additional protection for consumers
07/10/2014 The Bank of England (BoE) has today launched new proposals to protect savings, making it easier for consumers to get their cash back when banks fail. BoE has published four papers that propose changes to the banking system, making it safer for depositors. Consumers who have put their money in a failing bank will, from 2016, be able to get their money back within 24 hours, for up to...Read More
Work experience for the long term unemployed
28/04/2014 The long term unemployed will now have to enter the new ‘Help to Work’ scheme or face reduced benefits. Additionally, those wanting to claim Job Seekers Allowance (JSA) will have to prove they are ready for work before they can apply. Under the scheme participants will have to attend the job centre every day, whilst there will also be work experience placements and intensive c...Read More