Drivers lie over claims to insurance companies
Millions of British motorists would lie to insurance providers to avoid jeopardising their claim, a new survey suggests.The study by Moneysupermarket found that 2.5 million drivers in the UK would bend the truth to ensure they received a payout.When asked what they would do if they had failed to lock their car properly leading to it being stolen, 26 per cent of motorists said they would resist telling the truth until their conscience caught up with them.Only 18 per cent of motorists said they would give the full facts without being pressed, while 41 per cent would own up to their carelessness if asked. "It's extremely worrying that one in three drivers would actively attempt a cover-up if their carelessness led to a claim," Richard Mason, managing director of insurance at moneysupermarket, said."People may not see the omission of certain facts as fraud, but if these facts helped lead to the claim then thatÃ¢â‚¬â„¢s exactly what it is. "We would urge all drivers to tell the full truth; insurance fraud is a criminal offence and the overall consequences could be far more costly than the sums they are trying to salvage by being economical with the truth."Insurers are often seen as the bad guys, but there are two sides to any relationship and drivers need to own up to their mistakes," he added.It seems that the Welsh are most honest when it comes to revealing the truth, with a quarter saying they would have no problems admitting the true sequence of events.
Michael Martin finally leaves the Speaker's office
Michael Martin, the Speaker of the House of Commons, will go down in history as only the second Speaker ever to be dismissed from the house in over 300 years. While many believe he is being made a scapegoat for the MP's expenses scandal there is no doubt that under his control the House of Commons has become a more secretive and more reclusive institution with significant taxpayer funds used to tr...Read More
European Union ministers cast doubt on economic recovery
EU ministers have today cast doubt on any significant potential for recovery in the European economy before 2010. While only three months ago the EC was predicting a fall of 1.9% across-the-board for the European economy, and growth in 2010 the region of 0.4%, these figures have been severely downgraded of late.
The EU now expects the Eurozone economy to fall by 4% this year and by...
Pound falls amid Scottish Independence poll
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Has Alistair Darling won his battle with Gordon Brown?
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Middle Eastern investors could receive Barclay's Bank bonus
It has been revealed that when Barclays bank announced a multibillion pound fundraising from Middle Eastern investors last year there were a number of protection clause written into the contract. It now appears that under the terms of a specific clause, the Middle Eastern investors could see their stakes increase at no cost if Barclays bank was to raise more capital before June 2009. This is the f...Read More