'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."
Only a third of motorists play the switching game
Brits are not switching as much in the car insurance sector as they are when it comes to their electricity and gas suppliers, research by TescoCompare.com reveals.Only a third (32 per cent) of car owners have switched their car insurance within the last year and as many as one in ten motorists have never switched or have been with the same insurer for over ten years.Despite the annual renewals on...Read More
Charity fears 'unlawful' bailiffs
New government legislation will facilitate the unlawful behaviour of bailiffs, the Citizens Advice charity has warned.Having already passed through the House of Lords, the tribunal, courts and enforcement bill receives its second reading in the Commons today.The bill extends the powers of bailiffs to enforce debts, including consumer credit debts, by forcibly entering domestic premises.Even those...Read More
Retail sales under pressure in March
UK retail sales in March grew by 0.4% which was well below the forecast 0.8% many analysts had put forward before the announcement. When you compare this subdued rate of growth to the 2.5% in February there is concern that the UK retail market is suffering. This comes just 24 hours ahead of the announcement of first quarter economic growth in the UK in 2010, something which Gordon Brown will be in...Read More
Electric car manufacturers look to UK
The UK automotive industry received a boost last week with news that Nissan and McLaren are set to build new plants to accommodate electric car manufacturing in the future. This £2.65 billion boost comes just days after the £1.5 billion investment announced by Ford, which was backed by the UK government in the form of a loan guarantee. Financial details of the Nissan project have been release...Read More
Will Britain be forced to shoulder compensation bill for the Icelandic banking collapse?
Despite the fact that the UK government is publicly stating it will continue to pursue the Icelandic authorities for repayment of a multibillion pound loan which was to be used to compensate UK savers, behind the scenes it looks as though the UK authorities are readying themselves to give up on the loan. There is growing concern within Iceland that the £3.4 billion compensation package, which was...Read More