£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.
Aussie Kid Gets Caught Attempting $300,000 Fraud!
The internet can be very useful - to law abiding citizens and fraudsters alike!
News that a 15 year old Australian boy has been arrested and charged with a fraud which amounted to $300,000 has caught the news wires around the world. Using the internet to create a string of businesses and open up bank accounts it seems that he then went about his merry way buying up an array of asse...
Unemployment hits the young in the UK
Official statistics from the UK government show that one in three people aged between 16 and 18 are now out of work as a consequence of the UK recession. Even though the figure of 2.44 million unemployed in the UK has been a hammer blow to the economy, the growing number of youngsters out of work does not bode well for future.
While the rate of unemployment varies significantly arou...
UK currency under severe pressure as debts begin to mount
After a very brief recovery on the currency exchange over the last few days the pound has encountered some serious selling pressure today falling to a seven-year low against the dollar. There is concern amongst traders and investors that the constant drip feed of taxpayer's money into various rescue packages is severely weakening the power of the UK and investment prospects.
European regulators agree Bradford and Bingley deal in 24 hours!
In what must be a record, and also a sign of the times, it has been revealed that only 24 hours after receiving the details of the Bradford and Bingley bailout, the European regulators have rubber stamped the deal and given it the green light to proceed. For a system which is wrapped up in endless bundles of red tape this really is a miracle to behold.
However, while we mock the wa...
Lord Myners set to appear before the Treasury select committee next week
Lord Myners, who is the government's chief in charge of the bank rescue programme, has been called to appear in front of the Treasury select committee next week regarding the pension arrangements of Sir Fred Goodwin. This could be a seriously embarrassingly week for the UK government with questions being asked as to why Sir Fred's pension doubled from £8 million to £16.6 million on the very week...Read More