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."
Who will pay the eventual cost of the £3.5 billion write-off?
The Bank of England report this week which suggested that UK banks and building societies have written off £3.5 billion of consumer debt between April and June 2010 has shocked many people. Aside from the fact it is a concern that UK consumers are so heavily mired in debt it is also a surprise that the banks have agreed to write off such a large level of debt. But who will pay the eventual cost?...Read More
House prices rise again
A Nationwide report regarding UK house prices has shown a 1.3% rise in July making it three consecutive monthly rises in a row. The average house in the UK is now valued at £158,871 and is only 6.2% down on the value 12 months ago. The marked turnaround in the UK property market has surprised many and there are indeed many sceptics who cannot as yet believe the figures are some strong.
Savings rates slashed as base rates fall
While for many people they are the forgotten millions, there is a suggestion that savers in the UK are currently receiving a very bad deal from the UK government. These are members of the population who have saved for years, been sensible with their lending habits and often depend on their savings interest to survive or at least help fund their lifestyle.
As base rates fall to 3%, t...
New card rewards loyal Cambridge locals
A new loyalty card, believed to be the first of its kind, is to be launched by Cambridge City Council to reward the locals for their spending.Fully electronic, the card will benefit resident shoppers, diners and people using leisure facilities.'The Cambridge Card' will be introduced in May after two years in the making. It is sponsored by the Local Secrets website, which provides residents with on...Read More
Are UK voters deserting the Liberal Democrats?
As UK voters get ready for the general election on 6 May there are signs that the sudden surge in support for the Liberal Democratic Party is starting to fall by the wayside. There is no doubt that Nick Clegg has breathed a new lease of life into the UK political scene but upon further investigation many people are now becoming concerned about underlying policies. For many years the Liberal Dem...Read More