UK holiday company collapse
UK holiday company Goldtrail collapsed yesterday with 16,000 customers left stranded overseas and future holidays under threat. There is also anger regarding the fact that many customers were left waiting with no news at various airports around the UK, despite the fact that the company had collapsed hours earlier. So what next for stranded holidaymakers?
The Civil Aviation Authority is currently looking at making arrangements to fly stranded passengers back to the UK under the ATOL scheme. So in theory, while there has been severe inconvenience, the vast majority of those stranded overseas should be back in the UK very soon. However, the situation regarding those with holidays booked for the future through Goldtrail will be very different and advice should be sought regarding potential compensation.
This is the first holiday company collapse for sometime in the UK although it appears there have been serious reservations about the company in question for some time. However, quite what prompted the sudden collapse of the company remains to be seen although there will likely be some form of investigation to see if lessons can be learned. Whether this will be the first of a number similar collapses in the short to medium term is of serious concern.
Kerry Katona Is Declared Bankrupt
While the life of so called reality TV star Kerry Katona has been anything but boring, news that she has today been declared bankrupt could have a long term detrimental affect on her ability to revive her fortunes. The long running bankruptcy hearing has been adjourned four times but today was the day when the sands of time ran out and HMRC rubber stamped her bankruptcy over an unpaid tax bill.
Used car prices fall
UK used car prices have started to fall back after 11 months of continuous price rises as demand in the UK looks to have peaked. While the reduction in used car prices varies enormously from car to car we have seen drops of around 7% for some car makes with demand set to fall further. Indeed, many experts in the car industry believe that prices will continue to slip back until early 2010 and we co...Read More
Low-income families hit by increase in cost of living
A report by the Joseph Rowntree Foundation has suggested that low income families in the UK are struggling to maintain a minimum standard of living as the cost of living continues to rise. The Foundation forecast that a single person needs to earn £14,400 to maintain a minimum standard of living while a couple with two children need to earn nearly £27,000 a year. This equates to around £7.38 an...Read More
BT given go-ahead to increase charge to rivals
After months and months of discussions, OFCOM has today set out a new system which will see British Telecom allowed to increase its charge to competitors using its network by up to 11%. Not only is this a serious development for BT but it will also allow the industry, and BT in particular, to invest in the long-awaited national broadband fibre-optic network. This was the main reason for BT's insis...Read More
20% of homeowners look to make structural changes
As the housing market in the UK continues to slow, homeowners are planning on making significant structural changes to their properties instead, a new report has suggested.Research from Sainsbury's Home Insurance found that the slower housing market meant that 21 per cent of property owners were planning to carry out structural work in the coming year.Typically, consumers plan to spend £17,361 on...Read More