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.
Bankruptcy tourists settle in Kent
It has been revealed that the Kent towns of Tunbridge Wells and Greenhithe have been literally invaded by bankruptcy tourist from Germany. A German insolvency expert has set up a branch in Kent and is charging thousands of pounds to relocate German citizens, who are in financial difficulty, in the UK. As we covered in one of our recent posts there has been a significant increase in foreign bankrup...Read More
Alistair Darling gambles with banking super tax
Alistair Darling has today taken a massive gamble in his pre-budget report with the introduction of a banking super tax on bonuses in excess of £25,000 year. This new tax is set to bring in around £560 million for the UK coffers, although in the overall picture this is fairly insignificant and more of a political move than an economic move. So what does this mean? Yet again the government has...Read More
UK judge announces devastating ruling for PPI
While many banks and financial institutions had hoped to have seen the end of the Payment Protection Insurance (PPI) saga, a court ruling in South Shields yesterday has cast the industry into total and utter panic. Judge Jacqueline Smart ruled that a credit card holder, taking action against MBNA, was entitled to receive a rebate of her PPI payments because it appears as though MBNA failed to advi...Read More
Office of Fair Trading to investigate rights issue fees
The Office of Fair Trading (OFT) has announced a formal investigation into rights issue and fundraising costs in the UK. It is believed that a number of parties have approached the OFT in the recent past and vented a number of concerns which have been taken on board. The investigation will look at the impact on consumers and investors from the current structure of rights issue fees and whether the...Read More
Charity cards 'not so charitable'
With Red Nose Day just around the corner, consumers are being warned that some credit cards designed to donate money to charity only offer 'paltry' sums.Consumers have been warned to choose carefully, after price comparison website moneysupermarket studied which of the most popular charity credit cards was the most charitable.The Amex Red card came out top in the survey donating up to 1.25 per cen...Read More