Nottingham residents most likely to be burgled
Householders in Nottingham are more likely to be burgled than anyone else in Britain, it has been revealed.A new survey shows that people in the East Midlands city are at an 88.7 per cent increased risk of having their homes broken in to.The claim is made by Endsleigh, which has analysed insurance claims in the UK over the last four years to deduce the riskiest and safest towns in Britain in terms of burglary.Surrey's Guildford is named as the safest place in the UK alongside Swindon and Dundee, while Leeds and Hull join Nottingham among the cities with the highest burglary rates."As our homes report shows, every householder in the country needs to be aware of the risks of burglary," Endsleigh spokesman Stuart Wartalski said.But the representative noted that Home Office statistics showed burglary rates had fallen 19 per cent in the last year."Clearly, some towns and cities have come out as having a higher risk than others, but what is encouraging is that overall burglary rates are falling - even in the riskiest towns and cities," Mr Wartalski added.Britain's burglary hotspots (increased risk)1 Nottingham (88.7 per cent)2 Leeds (63.2 per cent)3 Hull (55.6 per cent)4 London (44 per cent)5 Oxford (42.3 per cent)6 Bristol (35 per cent)7 Reading (31.9 per cent)8 Manchester (24.7 per cent)9 Sheffield (21.6 per cent)10 Cambridge (19.4 per cent)
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
Lord Mandelson plays an ace for Vauxhall workers
Lord Mandelson has today claimed victory in the fight to secure up to 5000 jobs at Vauxhall's UK plants, following the ongoing takeover of GM Europe by Magna. It would appear that a potential £400 million sweetener, which the UK government will inject into the German authorities £4 billion state funding, may have done the trick.
Only yesterday we saw Magna suggesting that a new v...
Who would benefit most if interest rates fell to 0%?
As the banking sector continues to hold firm in maintaining and improving profit margins there would appear to be some confusion as to who would benefit most if UK base rates, as expected, fall to around 0%. Many of the UK banks have already come out and stated they will not pass on any more interest-rate reductions to their tracker mortgage customers, which has prompted a controversial debate. Wi...Read More
Competition Appeal Tribunal overturns PPI ban
Finance companies across the UK will this evening be breathing a large sign of relief after news that the Competition Appeal Tribunal has overturned the Competition Commission's proposal to ban PPI at point of sale for various loan agreements. It had been taken for granted that the Tribunal would uphold the earlier ruling by the Competition Commission so today's news is something of a shock.
British Gas Profits Questioned by Energy Minister
11/02/2014 Profits posted by British Gas have been questioned by the energy minister, Ed Davey, who has further suggested the company may have to be broken up if proof of a monopoly is found. In a letter to regulators, Davey said that profits made by “the big six” energy firms were higher than originally thought and suggested a market investigation should be conducted, pointing out that...Read More