'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."
It is now the time to look longer term with your investments?
As we touched on in our ISA post early today, the deluge of negative and depressing headlines in the financial press have effectively turned off many people at looking towards the future. However, as we approach the end of UK tax year it is vital, as it is every year, to ensure that your various allowances are taken where appropriate and you still continue to manage your investments for the medium...Read More
Royal Bank of Scotland joins UK asset protection scheme
Despite attempting to wriggle off the hook, which is the UK government's asset protection scheme, the Royal Bank of Scotland has been forced to sign up and confirmed that this happened on 26 November. While there's no doubt that the scheme will protect the company's assets in the short to medium term, like Lloyds bank, the company had been attempting to negotiate an exit rather than pay the multib...Read More
Is the MPs expenses gravy train grinding to a halt?
While Gordon Brown has taken some severe criticism this week regarding his attempt to hijack the changes in the MPs expenses system there is no doubt that progress has been made. He was forced into a humiliating retreat yesterday and also gave up further ground today allowing some measures to be deferred to an independent committee currently looking into the situation. However, the abolition of th...Read More
House prices continue to rise
09/07/2014 House prices are continuing to increase throughout the country, according to the UK’s largest mortgage lender, the Halifax. When measured on an annual basis, prices had increased by 8.8% in June, in comparison to 8.7% in May, taking the average house price in the UK to £183,462. Additionally, the Nationwide Building Society recently released similar figures that claimed pric...Read More
Consumer confidence hits a new low on the UK high streets
Over the last few days we have seen a number of consumer surveys which have indicated a further fall in consumer confidence in the UK. This news together with recent confirmation that life is tough on the high street does not bode well for the UK economy in the short to medium term. This drop in confidence has been further exacerbated by a rise in the unemployment numbers in the UK with many feari...Read More