£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 dont the authorities reduce our taxes to refloat the economy?
As we hear news of multi billion pound bailouts and more money where that came from, more and more UK tax payers are starting to wonder why the authorities did not just reduce our tax burden to refloat the economy. Surely less taxes means more money in the consumers pocket and more money to spend on the UK economy?
The truth is that this situation we are in is unique and is not dow...
Brit holidaymakers hit hard by card theft
Over £200 million lost through stolen credit and debit cards
British holidaymakers are at increasing risk of their credit or debit cards being stolen or defrauded overseas. Over a third of all card offences committed against UK citizens are now taking place in foreign destinations.
Between 2006 and 2007, the amount of card crimes committed against Brits abroad...
Co-operative Bank turns down £100 million of unethical business
In a sign of the times, the Co-operative Bank has today confirmed that last year it turned down the opportunity to invest in 20 financial arrangements which breached the company's ethical guidelines. The company has a number of these ethical guidelines in relation to human rights, the arms trade and the environment. It is unclear exactly what opportunities were turned down but the very fact they w...Read More
UK housebuilders still under severe pressure
In a worrying development for the UK housebuilding sector Redrow, one of the leaders in the UK, has announced a very gloomy forecast for the short to medium term with concerns that buyers are leaving the market in droves with at least 20% walking away from potential purchasers through Redrow over the last two months. The company has also confirmed that more than 50% of its sales outlets are failin...Read More
Consumer confidence falls in April
In a bitter blow for the UK economy the GfK NOP Consumer Confidence Index dropped by one point in April to -16. This is a reflection of the regular survey carried out amongst UK consumers to find out about their confidence in both their personal financial situations and the UK economy as a whole. Even though the figure of -16 is a vast improvement on the -27 figure from April 2009, many experts ha...Read More