Pet insurance 'crucial for vet fees'
Veterinary fees can cripple family finances unless people have adequate pet insurance, it has been claimed.Owners who do not insure their pets could face a "major problem" if treatment is needed, the British Small Animal Veterinary Association (BSAVA) has warned.The introduction of new treatments all the time means that vets' fees are now rising on an annual basis, meaning any treatment that is needed by an animal is likely to cost a significant sum of money.However, by taking out pet insurance, owners can rest assured that the cost of necessary treatment for their pet will be met and will not have to weigh up what they can afford against their animal's welfare.Mark Johnston, a spokesman for the BSAVA, explained: "Fees are going up well above inflation on an annual basis."He added: "The biggest acute costs or sudden onset costs would be some sort of major orthopaedic surgery, which can be from a road traffic accident."Mr Johnston commented that fees for X-rays and operations in such circumstances can leave owners having to pay thousands of pounds, meaning pet insurance is important to cover these hefty costs.
Is Gordon Brown starting to panic about the recession?
Tonight there are new claims that Gordon Brown is starting to show signs of panic after the announcement that the UK is officially in recession. The opposition parties appear to have sensed a draining of confidence from the UK Treasury and the Prime Minister after literally billions and billions of pounds appear to have been wasted on a number of rescue packages. The situation with the UK economy...Read More
So how is the UK property market actually performing?
A report today by the Halifax claims that UK house prices increased by 0.6% in July, contradicting last month's report from the company which showed a 0.6% fall in June, which would appear to be at odds with the vast majority of reports issued over the last week. It is proving ever more difficult to forecast the short-term direction of the UK property market at a time when investors, the authoriti...Read More
Interest rates held as expected
Borrowers are breathing a sigh of relief after the Bank of England voted to hold interest rates at their current level of 5.25 per cent.Today's decision from the Bank's monetary policy committee (MPC) had been widely predicted by economists as inflationary pressures in Britain subsided.Last month the MPC voted 7-2 to hold base rates following January's shock quarter of a per cent rise.But there we...Read More
Kraft Foods bags Cadbury for £11.9 billion
As we covered early today, Kraft Foods and Cadbury have announced details of a recommended offer for the UK giant which values the company at around £11.9 billion. The deal is a mixture of shares and cash with five pounds and 0.1874 Kraft Foods shares for each Cadbury share. This values the company's shares at £8.40 per share but there will also be a special 10p dividend on top of this, bringing...Read More
Does the insurance sector need a cash injection?
As the headlines point to a massive bailout of the UK banking sector there are some in the market who believe that a similar solution may be required for the insurance sector. Unknown to many consumers in the UK, insurance companies invest their premium income across a massive range of investment groups and are sure to have taken large hits to their asset bases like all other UK financial compani...Read More