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.
Travel insurance tips for Terminal 5 passengers
A price comparison site has issued tips for travellers who have been caught up in the luggage chaos at Heathrow's Terminal 5. Since Terminal 5 opened last week, thousands of items of luggage have been mislaid or delayed. Responding to developments, James Harrison, chief executive of Insurancewide.com, said that the first step to be taken by anyone affected is to confirm the extent of the delay and...Read More
Lord Mandelson upsets the German government
If there is one skill which Lord Mandelson has retained from his earlier days in politics it is the ability to spot an opportunity from miles away at very short notice. Today he has used this particular skill to great effect jumping on the bandwagon of the General Motors U-turn on GM Europe and taking the lead in talks with General Motors and the German authorities. So what exactly is going on?
Marks & Spencer share price slumps ahead of results next week
Shares in Marks & Spencer fell to £2.19 on Friday as analysts grow ever more cautious ahead of next week's interim profits announcement. There is talk that at best the interim dividend will be maintained and the final dividend reduced in order to assist the stretched balance sheet. Marks & Spencer has been one of the groups on the high street to suggest that Christmas may well not arrive for UK r...Read More
Are investment markets starting the cycle again?
Slowly but surely the UK stock market, and the US stock market, are showing signs of life amid signs that many investors believe the worst of the economic downturn is over. However, historically markets have a very set cycle which with hindsight is very easy to read and very easy to understand. So are markets starting the economic cycle all over again?
The cycle of a traditional sto...
E.ON cuts bills for electricity customers
Energy supplier E.ON has reduced some of its customer bills, after the results of an industry-wide investigation were released.Ofgem said in October that 4.3 million householders who were not connected to mains gas and did not use a "dual fuel" service from their provider could be overcharged by as much as £55 a year.This is due to them not having access to discounts offered to "dual fuel" custom...Read More