'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."
Will new mortgage rules ruin the party?
None other than the head of the Council of Mortgage Lenders (CML) in the UK has been in the press this morning attacking plans by the Bank of England and regulators to introduce restrictive guidelines for future mortgage arrangements. These tough guidelines are in effect new instructions from the regulator to the mortgage industry and will mean that more and more people will be unlikely to gain an...Read More
HMRC targets worldwide sport stars
In a move which could decimate the UK sporting calendar it is been revealed that HM Revenue and Customs (HMRC) has introduced a number of new taxes on worldwide sport stars who attend UK events. We are already seeing a number of worldwide sport stars staying away from UK events as the government is set to impose levies on money from endorsements and bonus related payments. One example which ill...Read More
Should taxpayers be paid back before bonuses are paid out?
While we look at the likes of Royal Bank of Scotland and Lloyds bank, and the potential billion pound payouts in staff bonuses, we should also consider the fact that the billions of pounds poured into the system as a whole have benefited all banking operations within the UK. As a consequence, there is a growing belief that taxpayers should be "paid back" before enormous salaries and bonuses are ag...Read More
Need help analysing your debts?
In the midst of the current UK economic gloom a growing number of people are falling into debt and desperate to see how they can improve their situations for the future. While on the surface analysing your finances may be fairly straightforward in reality it can be very different! Many people fall into financial difficulties purely and simply because they take on debts from different companies...Read More
Housing market problems sees 32,000 estate agents lose their jobs
While they may be the bane of many people's lives when looking to sell or purchase a house, the estate agency industry will end 2008 on a record low with 32,000 jobs lost over the last few months. The crash in the UK housing market has not only had repercussions for home owners throughout the UK but estate agents as well. There is also concern that the problems in the sector will continue well int...Read More