UK motor insurance premiums increase yet again
The AA insurance has today commented upon the state of the UK motor insurance market with a suggestion that the average comprehensive motor insurance policy is now costing in excess of £1000 a year. This is an increase of around 20% on the 2008 figure and is predominantly because of fraudulent claims and the damage caused by uninsured drivers in the UK.
All in all it is believed that UK motorists will face an additional £2.1 billion in insurance costs this year alone purely and simply because of these fraudulent claims and uninsured drivers. Despite the fact that the recession is still impacting upon many people around the UK, and indeed some people are considering downgrading or even cancelling their car insurance, the cost of insuring your vehicle continues to climb higher and higher.
In what is certain to become something of a vicious circle, a 20% increase in motor insurance premiums will almost certainly see more people taking the risk of driving uninsured which will yet again feed into the cost of insurance premiums in the future. Quite why perfectly legal and insured drivers have to pick up the bill for those who have decided not to take out insurance, which is illegal, continues to remain a mystery to many in the UK.
So Mr Osborne is the devil in the detail?
Despite opening his budget speech yesterday with a promise to be transparent and up front about all changes it would appear that George Osborne has quietly lowered the threshold at which the 40% income tax rate kicks in. It is now estimated that 700,000 more people in the UK will be dragged into the 40% tax band and see their income tax bills increase for the foreseeable future. On the surface...Read More
Will Hershey have to bid £8.60 a share for Cadbury?
The twists and turns regarding the Cadbury takeover continue with speculation in the market today that Hershey is on the verge of launching its own independent bid for the operation. While analysts are sceptical as to whether the company could match the financial power of Kraft Foods, assuming Kraft Foods is determined to acquire Cadbury, some analysts expect a bid in excess of £8 a share and pos...Read More
Graduate unemployment falls
25/09/2014 The number of unemployed graduates has fallen over the last 12 months, a study has suggested. The Higher Education Careers Service Unit (Hecsu) studied 256,350 recent graduates for six months after they left university, and found that just 7.3% were unemployed in January 2014. In January 2013, graduate unemployment was measured at 8.5% in the same study, meaning that it appears...Read More
London Stock Exchange See Tough Trading Ahead
After being the subject of takeover and merger offers for the last few years it seems that the sustained period of growth at the London Stock Exchange (LSE) is now over. Clare Furse, the chief executive of the Exchange today announced that trading levels were down some 11% for the month of May so far and the value of trades was also under pressure.
The move seems to be the result o...
Should you employ an accountant for your self-employed tax return?
As we covered in two of our earlier articles, the UK government is currently undergoing a major crackdown on the self-employed in the UK and any taxation which may be due and has possibly not been declared. The growth in the power and the use of the Internet in the UK and around the world has led to a significant increase in those who are self-employed, often working from home, which has led to so...Read More