£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.
Why do Land Registry figures differ from property surveys?
The Land Registry today issued data which indicates that UK house prices fell by 0.6% in March, which is well out of sync with recent property surveys from the Halifax and Nationwide. Indeed the annual rate of growth in the UK property market, according to Land Registry figures, was just 7.5% compared to the 10% figure confirmed by the Halifax and Nationwide. So why do the figures differ so marked...Read More
Is Barclays bank reconsidering bonuses payments?
Barclays bank is this week set to discuss the level of bonuses allocated to more senior and more junior members of the company. This comes at a time when the UK government is adamant that banking bonuses should be reeled in as the worldwide economy and the UK economy continues to stutter. This is the first sign of cracks in the UK banking community which up until now has been firmly against govern...Read More
What does the EU do for you?
As money gets tighter in the UK and more and more of the population continue to suffer from a rising cost of living some people are starting to ask whether the UK's contributions to the European Union are working - are they making a difference to your life?
The fundamental problem with the EU and the EU parliament is the fact that many of those working there are unelected and seem t...
Is the UK recession nearing an end?
The last few days has seen the release of significant data and significant reports which appear to show a growing confidence in the UK economy. While it would be wrong to suggest that the UK economy will bounce significantly in the short term there are signs that confidence is starting to seep back into the market place. Are we really at a turning point in the recession or is this just another fal...Read More
Should mortgage companies help troubled homeowners?
Over the last few days there have been stories in the press regarding couples who are finding it difficult to keep up with their mortgage repayments, with many on capital and interest repayment deals. A number of homeowners have requested a temporary move to interest only mortgage arrangements although there appears to be resistance within the UK mortgage industry to allow this particular strategy...Read More