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.
UK pay-per-view TV market in major shakeup
An announcement from Ofcom this week could signal the biggest shakeup in the UK pay-per-view TV market for over 20 years. It is believed that Ofcom will insist that Sky reduces the price it charges competitors to take premium content such as Sky Sports and Sky Movies to deliver to their own customers. This will allow the likes of BT and Virgin to attack the UK pay-per-view market with BT already p...Read More
So Mr Osborne is the devil in the detail?
Despite opening his budget speech yesterday with a promise to be transparent and up front about all changes it would appear that George Osborne has quietly lowered the threshold at which the 40% income tax rate kicks in. It is now estimated that 700,000 more people in the UK will be dragged into the 40% tax band and see their income tax bills increase for the foreseeable future. On the surface...Read More
Company fraud on the increase
In a worrying turn of events it has been revealed that a record number of company directors from insolvent companies have been disqualified for financial crime. It seems that not only are the scammers and the fraudsters on the increase, but corporate embezzlement and other similar activities have mushroomed over the last few months. As more and more directors and employees become more and more des...Read More
What should I do with my New ISA?
17/06/2014 Do you want to save on a regular basis? Are you are unsure on the best way to save? A recent online poll that was carried out by financialAdvice.co.uk has revealed that the majority of those people who took part, would prefer to put some of their savings into a Stocks and Shares ISA fund, rather than choosing the safer Cash ISA option, this tax-year. However, this doesn’t ne...Read More
Will the UK government back down over Falklands oil fields?
The political climate regarding the Falklands has changed somewhat over the last couple of weeks with the Argentinian government making yet another attempt to claim the island and its surrounding waters. While at this point in time it is unlikely there will be any military action between Argentina and the UK there is no doubt that relations are now at a record low. So will the UK government be pre...Read More