'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."
Public-sector cuts hit care home sector
Southern Cross, the UK's largest care home operator, has today issued a profits warning suggesting that the company will miss full-year targets because of a reduction in spending by local authorities. The company operates 730 care homes throughout the UK providing over 37,000 beds although total occupancy rates have fallen from 87.5% last year to 85.4%. Is this the start of a significant reduction...Read More
Student loans review rejected by the Government
07/11/2014 MPs call for an urgent review of student loans has been rejected by the Government, despite being told the current system is under threat because of a “large potential black hole” in its figures. The Commons Business, Innovation and Skills (Bis) Committee has predicted that the student finance system will be carrying £330 billion in student loans debt by 2044. Under the curre...Read More
MPs refuse to give up their allowances
After much build-up in the press it appears that Gordon Brown is set to lose this week's Commons vote on the change in MPs expenses. Amid claims that the government is set to announce an interim payment to MPs, in exchange for their votes later this week, there are serious concerns that Gordon Brown's campaign has hit the buffers. Despite the fact there is an ongoing official investigation into MP...Read More
British Gas Profits rise 14pc
British Gas has reported a rise in profits of 14pc throughout 2012. It is though the company benefited from colder weather which saw consumers use more energy, as well as significant growth in the company’s oil and power generation business. Total profits for the year stood at a massive £2.74bn, while the British Gas residential energy supply arm, which raised prices for consumers in Octobe...Read More
Is the UK government putting the financial sector at risk?
While there's no doubt that the banking community in the UK, and indeed the worldwide banking community, played a major role in the downturn of the worldwide economy, the UK government is again at risk of demonizing the sector to the long-term detriment of the UK economy. So is the UK government putting the financial sector risk by this constant criticism of all things financial? Despite the fa...Read More