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.
Bank cuts base rate by 0.25%
As had been widely anticipated by analysts, the Bank of England today cut the base rate in inflation by 0.25 per cent. The move brings the key lending rate down from 5.5 per cent to 5.25 per cent and is the second such cut in the last three months. The reduction is intended to stimulate the property market, which has recently shown signs of a slowdown, as well as restore consumer confidence and re...Read More
Will the capital gains tax debacle bring down David Cameron?
There are serious concerns that the UK government's attempts to reorganise the capital gains tax system could backfire spectacularly. It seems as though more and more people will be brought under the capital gains tax umbrella thereby increasing government coffers at the worst possible time. Today we hear news that those in care homes, and potentially forced to sell their homes, could fall under t...Read More
Bank of England awaiting news on quantitative easing
The Bank of England has this week reiterated the fact that while £125 billion of UK taxpayer's money has been pumped into the UK financial system there are as yet no signs of success. However, the MPC is of the opinion that an improvement in the short-term prospects of the UK economy has occurred directly as a consequence of the quantitative easing program although how much of an impact this has...Read More
Has the ongoing recession pushed the UK closer to Europe?
In a move which is sure to court controversy in the UK, a number of EU senior ministers have been quoted as suggesting the UK is ready to adopt the euro. It seems as though ministers in Europe are using the ongoing recession to try and hammer away at the UK door which has been firmly closed for many years. There are concerns that the UK government may well be susceptible to a new welcome into the...Read More
Tuition fees set to rise in England and Wales
In a controversial move, a report into tuition fees in England and Wales is set to be released in a few weeks time with speculation that the current cap of £3225 could be increased to in excess of £5000 a year. Lord Mandelson yet again appears to be at the head of the UK government moves in this particular field and despite promising not to interfere with the ongoing review, he has openly sugges...Read More