Young drivers lack basic car know-how
Young drivers fork out £140 million every year in car maintenance due to their lack of basic mechanical know-how, new research suggests.According to the study carried out by Direct Line, half of all drivers under 25 do not know how to jumpstart their car or replace a tyre, compared to 25 per cent of drivers aged 45 or over.Nearly one in three admitted to paying to have their oil changed, while 25 per cent also admitted to having their brake fluid checked.The findings come despite the DVLA introducing a car maintenance section to the practical driving test in September 2003.Some 37 per cent of 18 to 24 year olds who have passed this test still struggle when it comes to checking the level of their car's brake fluid."It's not unusual for drivers to feel a little helpless when it comes to car maintenance -however, it is important for drivers to be able to make basic safety checks on their vehicle, such as checking tyre pressure and oil level," Emma Holyer, Direct Line's motor spokesperson said."These checks are essential before embarking on a long journey and we are urging motorists to ensure they are able to conduct these simple tests rather than relying on parents or mechanics for help."Our research also shows that more than four in ten drivers have waited for their vehicle's annual service to fix some of these potentially serious problems. This should be avoided as it is important that all motorists are driving roadworthy vehicles," she added.Asking parents for help is still a popular and altogether cheaper alternative to paying out for professional know-how, with 62 per cent of all young drivers confessing to turning to their mums and dads for advice.
Customers cheesed off with credit cards
Even after the Office of Fair Trading capped credit charge charges at £12 nearly a year ago, a study by uSwitch has shown that one in every five customers is still dissatisfied with their credit card provider.This means that nearly seven million credit card holders are unhappy with their provider, which is 21 per cent of all people with this financial product.Yet, consumers stick with the same pr...Read More
Retailers attack Alistair Darling's plans for credit insurance
As the UK retail sector continues to struggle against a background of falling consumer spending, increasing costs and low business levels it looks as Alistair Darling's plans for Wednesday, with regards to the sector, have not gone far enough. It has been widely leaked in the press that the UK government is keen to address the situation whereby a number of retailers in the UK have had their credit...Read More
Boris Johnson's fantasy island airport
In a move which was probably based upon a need for change in the UK airport industry it has been reported that the Lord Mayor of London Boris Johnson is considering moving Heathrow airport to an island in the Thames. It is being suggested that a costing process will soon be under way to gauge the viability of such a project and the implications for the surrounding areas.
Royal Bank of Scotland balance sheet significantly worse than first thought
Sources close to the Treasury have suggested that the Royal Bank of Scotland's balance sheet is in a far worse condition than even the most sceptical observers had assumed. They have found a number of significant loans which are outstanding but unlikely to be repaid. There is also speculation of a significant write-down of the company's loan and mortgage book, something which Gordon Brown has been...Read More
Can we believe the figures coming from the estate agent market?
Despite the fact that mortgage liquidity in the UK is still at near record lows the National Association of Estate Agents has released information this week suggesting that each property for sale is attracting four buyers. Many people are sceptical of such upbeat figures although they are based upon buyers registering their interest with local estate agents. So what do these figures tell us?