AXA rewards safe motorists
Financial giant AXA has revealed a new car insurance policy which will see those with eight or more years no claims bonus receiving a 90% discount on their premiums. This compares to the average discount of 65% on a maximum five-year no claims bonus and will obviously further benefit the vast majority of drivers in the UK who do not claim on their car insurance.
This comes at a time when the AA has confirmed that UK car insurance premiums will rise by between 10% and 15% in 2010 with the majority of the increase caused by uninsured drivers causing accidents on the road. It would appear that slowly but surely we are seeing a polarisation between safe drivers and dangerous (and uninsured drivers) with many other insurance companies certain to follow the lead set by AXA.
Car insurance premiums have been on an upward spiral for many years now with the cost of covering uninsured drivers taken on by the industry and then spread out amongst insured motorists. Whether or not this is a fair allocation of the added expense associated with uninsured drivers is debatable but it is a trend which began some time ago and has ultimately led to a massive increase in car insurance premiums for "no apparent reason".
Crunch time for Vauxhall in the UK
UK unions are set to hold high-level talks with General Motors with regards to the future of the General Motors Europe subsidiary, Vauxhall, in the UK. The meeting will also be attended by Lord Mandelson who has taken a watching brief over the situation since the subsidiary was taken off the market and retained in-house by General Motors. It is believed that the UK government is willing to come fo...Read More
Are local authorities still outsourcing their services?
Despite the fact that a number of local authority service providers have stepped forward with concerns about the major cuts in the UK public sector budget, leading outsourcing company Capita has indicated that business is still fairly strong and many local authorities continue to outsource their services. So how long can this continue for? While there is no doubt that there are potentially enor...Read More
Government buying strategies under pressure
Despite the fact that Sir Philip Green has only been in his advisory role for a relatively short space of time he has pinpointed a number of issues which the UK government needs to address sooner rather than later. It seems there is no central buying policy across the various government departments and potentially millions of pounds a year could be "wasted" with various discounts and tighter funde...Read More
Even the mighty Microsoft is struggling
Microsoft has today released third-quarter results for 2008 which show an 11% fall in profits to $4.17 billion. The figure was well below analyst expectations and was accompanied by a cull of 5000 jobs which is to hit the company over the next 18 months. It would appear that even the mighty Microsoft is struggling as the worldwide economy continues to fall and technology spending heads downwards.<...Read More
Is it time to buy land?
As the housing market continues to fall like a stone many people have overlooked what is happening to the land market - land with no planning permission or income stream. Demand for land which could one day be the location for a new home (or homes) has died a death with the housing market tilted well in the over supply section at the moment. So is it now time to look at land as an investment?