Private medical insurance popularity grows
According to figures from the Association of British Insurers (ABI), the number of people taking out Private Medical Insurance (PMI) has risen year-on-year for the first time in recent years.In 2006, 1,030,000 individuals took out personal PMI policies, up 1.8 per cent from the 1,012,000 personal PMI policies in 2005.The number of businesses taking out corporate PMI has increased even more than this, with 2,345,000 corporate PMI subscribers in 2006 an increase of 4.1 per cent on 2005's total of 2,254,000 corporate subscribers.Collectively, personal and corporate PMI plans now cover 5.9 million people in the UK. Commenting on the statistics, Nick Starling, the ABI's director of general insurance and health, said: "Private Medical Insurance offers people greater choice of treatment and other services for a wide range of medical conditions and injuries. It also takes pressure off the NHS, so by buying PMI, people are effectively reducing the burden on Britain's hard-pressed health service. "It is encouraging that more individuals are choosing to buy PMI for themselves and their families. PMI bought by companies on behalf of their employees has continued to increase in popularity too, helping to ensure that people can get back to work sooner after illness or injury."
Even Stuart Rose Is Feeling The Pain!
He may be the darling of the retail world, he may have turned around Marks and Spencer, but it seems that even the likes of Stuart Rose are not immune from the affects of the ongoing credit crunch and slowing UK economy. It was revealed at today's AGM that 20% of M&S shareholders had voted against or abstained from appointing Sir Stuart as the group's executive chairman.
In the wor...
Whittard enters administration
Whittard of Chelsea entered administration late yesterday - putting its 950 employees' jobs at risk.The tea and coffee merchant, established in 1880, was immediately snapped up by a private equity firm, however.It is currently unknown as to whether any of Whittard's 130 outlets in the UK will close, or if staff numbers will be cut.Angela Swarbrick at Ernst & Young, the firm called in when Whittard...Read More
Car insurance braking or speeding ahead
While the latest figures from the AA show that car insurance is at an all-time high, statistics from Insurancewide website show that car insurance premiums have dropped this quarter.AA Insurance says that over the past quarter car insurance premiums have risen by 2.5 per cent, while figures released by Insurancewide indicate that in the last three months, comprehensive car insurance costs 4.6 per...Read More
Is the UK transport network falling apart?
Amid news that National Express is currently in talks with the Department of Transport about scrapping its East Coast rail franchise there are concerns that the UK transport network is falling apart. National Express is not the only public transport operator to express fears over the last few months as contracts become untenable with profitability falling through the floor. So what is the alternat...Read More
Buy-to-let landlords 'to dominate housing market'
The buy-to-let property market will grow by 41 per cent over the next ten years, housing experts have claimed.According to Alliance & Leicester bank, more positive attitudes towards renting will lead to buy-to-let properties' popularity soaring by 2016.The claim is based upon research conducted in partnership with the Centre of Future Studies thinktank that predicts the traditional rental market w...Read More