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.
CBI warns of budget giveaway
The CBI has today stepped in to warn the UK government that the economy cannot afford a giveaway budget. While in reality the UK authorities have very little leeway with regards to taxes and other charges, there are concerns that Alistair Darling may well target the rich to facilitate tax cuts and increase tax allowances for low-income families across the UK.
However, the CBI believ...
Barclays And RBS Raided By Antitrust Regulators
In a move which has again put the banking sector in the headlines for all of the wrong reasons it has been announced that both Barclays Bank and Royal Bank of Scotland were raided by the UK Antitrust regulators twelve days ago. While it has been confirmed that the raids were in connection with the alleged price fixing of loans to various accountants, lawyers and an array of other professional ser...Read More
Prudential Directors Cancel Orphan Fund Payments
Just a few months ago it was suggested that the Prudential was looking at the possibility of authorising a one-off payment to policy holders in exchange for giving up their future rights to the company’s so called orphan assets. There were rumours that the payment would have been several hundred pounds for each of the company’s 4.5 million policyholders, but the company has decided no...Read More
Mervyn King refuses pay rise
Mervyn King, the governor of the Bank of England, has confirmed his intention to refuse a pay rise during the next two years. Despite the fact he received a 2.5% increase on 1 July 2009, taking his salary to £305,368 he is joining David Cameron's appeal for restraint in the public sector. It is hoped that many other figures in the UK public arena will follow suit and create momentum behind moves...Read More
Young drivers could become 'uninsurable'
Young drivers could be priced out of the insurance market if action is not taken to reduce the number of deaths and injuries caused by motorists aged under-25, one insurer has warned.Speaking following the release of a new education pack aimed at teaching school pupils about the impact of dangerous driving, Co-operative Insurance (CIS) warned that such drivers were responsible for causing 35 death...Read More