£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.
Wages to increase faster than inflation
14/04/2014 Wages could begin growing faster than inflation as early as this month, according to economic forecaster EY ITEM Club. They predicted that average earnings would increase by 1.7% this year, overtaking average inflation forecasts of 1.6% for 2014. The economic forecaster also predicted that the UK economy will see “decent but unspectacular growth” of 2.9% next year, with the...Read More
Are the unions now flexing their muscles as we approach the election?
The last few days has seen the Labour government in detailed talks with UK unions over potential public sector service cuts and employment issues for the future. Despite the fact that the UK budget deficit will hit £175 billion this year and UK national debt is over £1 trillion it seems as though the UK unions are flexing their muscles in return for supporting, both financially and practically,...Read More
Do consolidation loans work?
Despite the fact that on the surface it would appear that the UK economy is much stronger today than it was towards the latter part of 2009, we are still seeing more and more people in the UK suffering financial hardship. Credit card debits are mounting up, loan payments are being missed and despite the fact that mortgage interest rates are relatively low, many people are struggling to cover their...Read More
Do You Really Need A Car?
On the back of our recent article about car insurance and the fact that premiums are forever on the rise, have you ever considered whether you actually need a car? Do you really get value for money for the road tax, car insurance, maintenance costs and fuel that you use?
Even though the UK has one of the better public transport networks in the world there are still a number of areas...
Pension Rescue Plan – I have very little savings for retirement
16/10/2014 Pensions have been all over the news in recent months, especially as Mr George Osborne has announced major reforms to the way we can withdraw the money we’ve saved over the years. However, this may be of little interest to some of us who haven’t actually taken the option to save up for our retirement from a young age – in fact, as you get closer to your desired retirement ag...Read More