£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 MPs expenses gravy train grinding to a halt?
While Gordon Brown has taken some severe criticism this week regarding his attempt to hijack the changes in the MPs expenses system there is no doubt that progress has been made. He was forced into a humiliating retreat yesterday and also gave up further ground today allowing some measures to be deferred to an independent committee currently looking into the situation. However, the abolition of th...Read More
Lloyds Bank shareholders demand £14 billion compensation
A group over Lloyds Bank shareholders are looking to take action against the UK government and Lloyds TSB directors in relation to the disastrous acquisition of HBOS at the height of the financial crisis. Information obtained by the group of shareholders seems to indicate that the UK government lent £25.4 billion to HBOS in October 2008 although this was not disclosed until November 2009 making t...Read More
Rail bosses announce extortionate 11% ticket price rises
The UK rail industry is today charged with hitting consumers when they are down after the announcement of ticket price rises of up to 11%. At a time when the government is keen to see as many of the UK population transfer to public transport as possible, this 11% inflation busting rise is the last thing they need. There had been a feeling across the UK that due to higher tax charges aimed at those...Read More
Budget Headlines : Trade credit insurance to be matched by authorities
Trade credit insurance to be matched by authorities...Read More
Russian investors stump up $200 million for Facebook stake
In a move which values social networking site Facebook at $10 billion it has been revealed that a Russian investment group by the name of Digital Sky has paid $200 million for a 2% stake in the operation. While there is no doubt that Facebook has been amongst the more successful of the various social networking websites, many believe the valuation of $10 billion is significantly below the figure t...Read More