£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.
Regional recession index shows hardest hit areas of the UK
The uSwitch.com regional recession index has highlighted the varying degree of performance across the UK with regards to property prices and unemployment. Those living in the Swindon area will be dismayed to learn that the city has seen unemployment explode by 197% over the last 12 months making it officially the worst hit area in the UK.
Swindon has also seen a 16% fall in property...
UK jobs market improves but is it over the worst?
A report for the Recruitment and Employment Confederation and KPMG has revealed a sixth consecutive month during which permanent employment placements have increased in the UK. Recruitment companies which participated in the report have also confirmed an increase in temporary placements which would appear to indicate that the UK employment market is over the worst. But is this really the case?...Read More
UK government's new homes target by 2020 is all spin
Over the next few days we will hear lots of back slapping at the Labour Party conference, memories of past successes and basically get the impression that they all live in a different world. Well this seems to be the situation in the housing market with the government sticking to its forecast of 3 million new homes in the UK between now and 2020. However, is this really possible? Or is it just f...Read More
UK house prices rise by 0.2% in April
The average UK house priced increased by 0.2% in April leading to a rise of 8.5% over the last 12 months. However, on a regional basis there are major variations on the 8.5% annual increase and not every housing market in the UK is experiencing increased demand! The report by the Land Registry shows that Brighton and Hove has the highest year on year increase of 16.8%, Bristol is next on 15.9%...Read More
Scotland announces no tax on properties below £130,000
Home buyers in Scotland will no longer have to pay tax on properties valued under £130,000, Scottish finance Secretary John Swinney has announced. This was proposed in the budget proposal for the year ahead. The finance secretary has also promised that tax would be reduced for a further 44,000 house sales up to the value of £325,000, but advised the 12% top rate would still apply to houses co...Read More