Is the UK holiday sector braced for further turmoil?
Last week's demise of yet another British tour operator in the shape of Sun4U comes at a time when many in the UK are readying themselves for their annual holiday. It also comes only days after the biggest two players in the UK holiday industry, Thomas Cook and Tui, warned of a downturn in demand as the UK economic downturn continues to hit home. So can we expect further turmoil in the UK holiday sector?
It seems almost inevitable that short-term concerns within the UK banking industry may well squeeze some of the small operators in the UK holiday sector. This in turn could result in something of a domino effect leaving many niche players and smaller players struggling to find finance for the short to medium term. It will be interesting to see how well holiday prices hold up in the short to medium term because demand is starting to wane and this is even before the worst of the expected UK economic downturn on the back of forthcoming budget cuts and tax rises.
UK consumers have seen their "disposable income" reduced dramatically over the last couple of years and despite signs only a few weeks ago that the worst may be over it seems very much the opposite.
Jacqui Smith under serious pressure as heat turned up
Home Secretary Jacqui Smith is this evening sitting on the verge of resigning from her role as Home Secretary. She has become embroiled in a bitter battle of wills with regards to the lucrative expenses claimed by MPs throughout the UK. While already under investigation by the Commons standards committee, regarding her second home allowance, she has now become the subject of a detailed leak from P...Read More
Thames Water sues over magazine criticism
In a move which has surprised many in the investment industry it has been revealed that Thames Water is to sue a magazine over an article which suggested the company was "useless". The article in question allegedly insinuated that despite the wettest August for over 100 years, Thames Water had been at fault for significant water supply problems amongst its customers. The company is suing the magaz...Read More
Is the UK facing a blackout as strike action intensifies?
It has been revealed that a number of wildcat strikes will come into effect over the next few days across Britain's oil and power plants. These illegal actions are in support of workers at the Lindsey oil refinery where hundreds have been sacked after taking action to support their colleagues. The unions have been very vocal in their attempts to rectify the situation but so far they have been unab...Read More
Petrol falls to below £1 but what about energy bills?
Cast your eyes back to the dark days of a few months ago when oil was changing hands at over $150 a barrel and petrol was approaching 150p a litre. While these dark days have cleared somewhat of late with news that oil has now fallen to below $80 a barrel and petrol to under £1 a litre, what has happened to energy price falls? Surely we should hear some news very soon?
Thousands facing the threat of fuel poverty
Even though there are signs that the UK economy is starting to stabilise, hundreds of thousands of homes across the UK are either in fuel poverty or very much on the borderline. Fuel poverty is a situation where a household spends in excess of 10% of overall income on energy costs, something which has hit around 4 million homes in England already.
While the UK government claims to h...