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.
London shoppers in high street stay-away
Annual growth in London's retail sales suffered during April, the latest figures have suggested.A new survey says that last month shoppers spent 4.5 per cent more in central London compared to a year earlier.But the London Retail Consortium (LRC), which conducted the research, notes that in 2006 April's retail figures in the capital were up 11.9 per cent on the corresponding month a year previousl...Read More
Sterling rallies against major world currencies
The UK currency was today centre stage on the currency exchange markets after a sharp rebound across the board. While there are suggestions that the Barclays bank statement, indicating that maybe the banking sector is on the turn, has breathed new life into the UK currency many traders believe the news from the high street was far more telling.
If the news on the high street is conf...
HSBC to pay £218m compensation to loan customers
05/08/2014 HSBC are to repay £218m of interest charges to some of their UK loan customers who received insufficient paperwork. Under the Consumer Credit Act, lenders are required to use a customers annual statement to provide information about the option of making overpayments on a loan. However, the bank has admitted that they only provided the information when customers first took out...Read More
Do we have a competitor for Google?
The news that Microsoft and Yahoo have joined forces under an agreement which will see Microsoft power Yahoo's search engine and Yahoo look after premium advertising for the two companies has been well received by investors. Finally it looks as though we may well have a competitor for Google which has literally dominated the cyber world for many years.
This comes at a time when onli...
Budget 2010: Check out UK government spending plans for 2010/11
The UK government's £704 billion budget for 2010/11 will be spread amongst many different areas of the UK economy but there are some striking issues which will need to be addressed in the short to medium term. So where exactly will your money be spent? By far and away the largest expenditure will be on Social Security which is expected to cost £196 billion, health is not far behind on £122 b...Read More