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.
IFS concerned about the UK public deficit
The Institute for Fiscal Studies (IFS) has issued a stark warning to the UK government suggesting that the "next two parliaments will involve significant pain for the UK". It is estimated that the average UK family will be £2,400 a year worse off by 2017/18 with the UK government being forced to claw back tens of billions of pounds with tax rises and public sector spending cuts. The fact this war...Read More
£13 billion online shopping bonanza forecast in run-up to Christmas
Experts are today predicting a total of £13 billion will be spent online in the run-up to Christmas, as the largest ever online spending spree weekend comes to a close. A mixture of numerous attractive discounts available, delivery direct to the buyer and the massive range of products on offer has seen more and more people take an interest in online shopping. Companies such as Amazon and eBay are...Read More
Churchill preferred on UK banknotes
Britons want former prime minister Winston Churchill on their banknotes, a survey shows.An overwhelming 52 per cent of respondents in a survey by Virgin Money favoured the statesman as the man they would most like to see immortalised on banknotes.The second world war leader did somewhat better than current prime minister Tony Blair, who won just 0.9 per cent of the male contenders' vote.Mr Blair w...Read More
ITV Credit Rating Now Classed As Junk
Oh how the mighty have fallen!
Today's news that the credit rating of ITV has been downgraded to junk status by credit ratings agency Standard and Poors marks the next step in what is a slow death for the former darling of the TV world. As the company stumbles from disaster to disaster the downgrading of the company's credit rating will cost the group a further £8 million a year i...
Was Lord Turner right to call the UK banks socially useless?
Amid signs that the UK property sector is starting to pick up, yet liquidity is still very hard to come by in the mortgage sector, Lord Turner's comments describing UK banks as being "socially useless" have grabbed headlines all around the world. As we have covered in some of our earlier posts, this goes way beyond the brief of Lord Turner as chairman of the FSA although his comments have attracte...Read More