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.
“Staggeringly Strong” figures show Unemployment fall to 7.1%
22/01/2014 The latest figures from the Office for National Statistics show unemployment drop to 7.1%, in what BNP Paribas, Chief UK economist David Tinsley has described as “staggeringly strong.” The figures come within touching distance of the 7% benchmark set by the Bank of England as the point they will consider increasing interest rates, despite the Bank previously claiming that the...Read More
Ryanair Set To Slash Fares In High Risk Gamble
It has today been announced that under pressure budget airline Ryanair is set to offer one million seats next month at a rock bottom price of just £5, including taxes and additional charges. The fact that the move will see the group lose at least £5 per seat (as it will not even cover the £10 air passenger duty charge) has surprised many in the industry amid suggestions that this high risk pol...Read More
Are you planning for your financial future?
In these difficult economic times it can be simply a case of living day-to-day, week to week and month-to-month. However, it is vital that we do not lose sight of the long-term financial future we need to secure for ourselves which includes pensions and savings for later life. While obviously many people are more concerned about their short-term financial situation, with many struggling to cover r...Read More
What next for the UK after confirmation of recession?
For many months analyst have been waiting for today when the UK is officially confirmed as being in a recession (technically confirmed after a reduction in the economy for two consecutive quarters) but the speed of the fall has frightened many. There are serious concerns that the UK economy is effectively in "freefall" and the various government rescue packages and economic stimulus programs are n...Read More
60% of parents unable to save money for their children
16/09/2014 60% of UK parents are unable to save any money for their children’s future, according to new research from the housing charity, Shelter. Shelter is now calling for politicians to commit to building more affordable homes so young people and families who can’t rely on help from their parents will be able to get onto the property ladder. Shelter believes the UK needs to fix the...Read More