'DIY' holidaymakers risk travel cover
Around eight million UK tourists risk being stranded during the summer because they are not covered by Air Travel Organisers' Licensing (Atol) travel protection.Most traditional travel agents automatically cover holidaymakers with Atol protection, which should ensure that tourists are escorted home and reimbursed should their agent cease trading.'DIY' tailored holidays from independent agents do not always offer this scheme, yet 39 per cent of holidaymakers booked this kind of holiday last year where a decade ago 97 per cent of holidays were booked through conventional agents.David Clover, spokesman for Atol, said on Channel 4's News at Noon that he was concerned that a new survey by the Civil Aviation Authority showed that a third of holidaymakers mistakenly believe they are covered by the Atol scheme when booking independently.Mr Clover said: "Atol provides full financial protection if anything goes wrong with the travel company, that means they'll get their full refund or be repatriated back to the UK if the tour operator goes bust.He warned of the importance of making sure you have adequate travel insurance, saying: "If you do a DIY holiday then there are real risks people will be stranded abroad or will lose out financially."
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It seems in many ways that whatever Mervyn King, the governor of the Bank of England, cannot win. This week we saw Mervyn King issue a rather downbeat statement on the UK economy and the revelation that he had fought for an increase in the quantitative easing fund by a further £75 billion and not the £50 billion which had been announced. While many analysts respect Mervyn King's opinion on the e...Read More
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Each day brings new rumours regarding Royal Bank of Scotland and Lloyds bank and the company's involvement in the UK government's asset protection scheme. First we hear that both companies are very keen to become involved and then we hear they're looking to backtrack and either reduce their exposure or leave the scheme altogether. So what exactly is going on?
When the UK government...
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Cut more energy bills, regulator says
Britain's gas and electricity providers should continue to cut unnecessary costs from customer bills, Ofgem said today.The regulator made the comments in the initial findings of its billing practices investigation - which revealed that some householders were paying too much for their energy through no fault of their own.For example, some who get their fuel through prepayment meters are paying more...Read More