£6bn lost on cancelled holidays
With a recent study revealing that over £6 billion was lost last year through people cancelling holidays they have already booked, Britons have been reminded of the importance of taking out a comprehensive travel insurance policy.According to the insurer More Than, who released the findings, while many people book their holidays well in advance, many fail to take out insurance and therefore leave themselves vulnerable to losing money spent on booked travel and accommodation should their plans change.Of all the claims made through More Than's travel insurance service last year, 26 per cent were for the cancellation of holidays, with an average cost of £856.Commenting on the findings, the company's head of travel insurance, Keira Clark, said: "It's encouraging that holidaymakers are catching on to the importance of travel insurance, but many still don't realise that by purchasing their policies late, they miss out on valuable cancellation cover."The comments come soon after British holidaymakers were advised to make sure their building insurance is up-to-date before going away, in the event of leaking pipes and water damage.
Is the UK government about to be embarrassed over the Icelandic affair?
Amid claims that the government were aware of problems in Iceland prior to the collapse of the country's financial sector there are growing calls for a thorough investigation into the collapse where confirmation about what the government did and did not know would be requested. As we discussed yesterday there are claims that Gordon Brown knew about problems as far back as March 2008 although no ac...Read More
£520 million 'spent on pets'
Further proof that Britain is a nation of animal lovers has been provided by new research showing more than £520 million was spent on buying pets in the last year.New cats and dogs have cost UK residents £2.6 billion since 2002, Halifax pet insurance says.But despite dog fanatics spending £282 per pooch and cat lovers shelling out £92 on every kitty, the insurance provider warns that pet owner...Read More
Royal Bank of Scotland set to refund overdraft fees
The Royal Bank of Scotland is the first of the main UK banks to suggest that it will proactively refund overdraft fees if the banking sector loses the latest test case. While the outcome of the test case has yet to be announced, there is speculation that the banks may well come under severe pressure to reimburse those who have been charged "illegal" overdraft fees. This is a situation which has no...Read More
Cadbury chief executive sees shares worth in excess of £10 by 2013
Todd Stitzer, the media shy chief executive of Cadbury, is today the centre of attention with an article published in the Daily Telegraph suggesting that Cadbury shares will be worth well in excess of £10 by 2013. He is suggesting that if the company delivers at the midpoint of its 2013 targets the shares should rise significantly from their current level, a level which has been boosted by the Kr...Read More
Scottish tax payers set to take £45 million hit
While there is no good time to lose £45 million of tax payer's money, the news that Scottish local authorities have around £45 million with Icelandic banks is not good news for councils, for the government and for tax payers. As the SNP government continues it relentless crusade to place councils under as much spending pressure as possible - often taking the praise for scheme which are unfunded...Read More