Tree subsidence danger highlighted
Homeowners are being warned about the potential subsidence dangers caused by planting trees too close to their homes.According to Halifax Home Insurance, planting trees too close to homes accounts for the majority of subsidence claims dealt with by insurers.In extreme cases, subsidence can cause major structural damage to homes, however paying special attention to the trees and vegetation around a property can go a long way towards reducing the risk of a subsidence problem."When people plant trees they plant them as young saplings in the garden and obviously they are going to prove no problem whatsoever till after a good number of years," Neil Curling, spokesperson for Halifax Home Insurance said."Regardless of whether the present incumbents stay in the house long enough they have set in motion a chain of events which can lead to subsidence."People do plant trees too close to houses and they bring about the majority of subsidence insurance claims that we face," he added.Most people are insured for subsidence in their home insurance policy, even if they planted the offending tree themselves.
John Lewis brings an air of reality to the retail sector
Despite signs that the retail sector is on the up and up, UK bellwether John Lewis has today brought many analysts and many investors back down to work. The company is forecasting a "fragile" year ahead in 2010 and believes that while the economy has shown signs of recovery in the last few months, confidence is still very fragile and could be impacted by unforeseen negative events in the short to...Read More
Will Britain be forced to shoulder compensation bill for the Icelandic banking collapse?
Despite the fact that the UK government is publicly stating it will continue to pursue the Icelandic authorities for repayment of a multibillion pound loan which was to be used to compensate UK savers, behind the scenes it looks as though the UK authorities are readying themselves to give up on the loan. There is growing concern within Iceland that the £3.4 billion compensation package, which was...Read More
Number of homes for sale drops to seven year low
20/01/2014 The number of properties on the market in the UK has dropped to the lowest level since the recession ended, as prices continue to rise. February 2007 was the last time fewer homes were for sale, with an average of 58 available per estate agency in January, compared to 64 in the same period a year ago, according to Rightmove. House sales rose steadily throughout 2013 as people...Read More
EU hedge fund restrictions could be softened
As the Swedish presidency of the EU comes to a close there are plans to water down the recently announced regulatory restrictions on hedge funds and private venture capital companies in Europe. This is an issue which has hit the UK financial sector very hard and indeed Boris Johnson, the Mayor of London, recently confirmed his concerns regarding additional funding requirements which could see hedg...Read More
Bank Of England Leave Rates Unchanged
News that the Bank of England has left interest rates on hold this month has received a muted response from the financial markets. While many had expected rates to remain unchanged there was a feeling that they could rise to combat inflation or fall to revive the economy. As it happens the Bank of England has again sat on the fence waiting to see if inflation falls of its own accord over the com...Read More