'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."
Are we seeing the last throes of Alistair Darling's political career?
As the G20 meeting approaches it would appear that Alistair Darling has been put forward by Gordon Brown to do the "dirty work" and beg for assistance from other governments around the world. While Gordon Brown seems to take centre stage when times are good it seems Alistair Darling is always on hand for the not so attractive comments and statements which need to be made. So are we seeing the last...Read More
Tories plan to cut welfare state by £21 billion by 2014/15
There is no doubt that the welfare state is at the centre of cost-cutting exercises by the coalition government with a previous estimate of £11 billion of savings by 2014/15 having been increased by £7 billion with a further £3 billion of "waste" also identified. This is a major reversal of recent times which have seen the welfare state, predominantly benefit payments, mushroom out of control a...Read More
Wonga defies critics to post record profits
04/09/2013 Payday lender Wonga, a company which has come under stark criticism about how it operates, has posted record profits, and has become one of the most popular lenders in the UK. Within the last 12 months, Wonga has been repeatedly criticised about the service it provides to customers, particularly the hugely inflated interest rates that are charged on loans when customers are late m...Read More
Why is the gender pay gap still so large?
As we covered in one of the earlier post, the gender pay gap in the financial sector hits a high of 55% in the city against an average in the UK economy of 28%. While emphasis is being placed upon the city, where the pay gap and bonus gap is the largest, many people seem to be missing the point that on average there is still a 28% gap between the remuneration of men and women doing the same job. H...Read More
UK unemployment falls to 2.46 million
While unemployment in the UK fell to 2.46 million in the second quarter of 2010, an increase of 184,000 jobs over the period, things may not be as rosy as the figures might suggest. While there is no doubt that the increase in employment numbers, now standing at just over 29 million, is the largest quarterly jump since 1989 much of the increase is down to more part-time positions becoming availabl...Read More