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".
UK government cracks down on business tax credits
The UK government has been accused of being overzealous in its pursuit of companies claiming research and development tax credits. HM Revenue and Customs (HMRC) has admitted that officers have been assigned to review thousands of cases of research and development tax credits being claimed by small, medium and large companies in the UK.
Despite the fact that the reduction of any clai...
Why Is The Humble Post Office Disappearing?
As more MPs join the chorus of criticism for the ever growing closure of post offices across the UK it seems that more and more people are being left stranded. Despite assurance by the government that nobody would be any worse off after the closures many people are being forced to travel miles for the simplest of actions such as withdrawing pensions, etc.
The introduction of so cal...
British Airways risks the wrath of unions
British Airways has today announced plans to cut 1700 full-time jobs in the UK with many of these changes being pushed through without union consent. At a time when British Airways literally needs as much help as possible it seems as though the directors of the company are looking for a fight with unions but surely this is not the case?
As we have covered on numerous occasions, Bri...
London shares fall for third consecutive day
Despite the UK stock market beginning 2010 in a very positive vein we have today seen the market fall for the third day in a row. There are concerns about the UK banking arena, after moves by the US government, as well as worries about the Chinese economy which has begun to wobble after a relatively upbeat short-term performance. If nothing else, concerns about the UK banking sector and the Chi...Read More
Saga predicts spike in home thefts
Home insurance firms are braced for a flurry of claims in upcoming months, Saga suggested today.New figures from the provider show that burglary numbers in November are 24 per cent higher than those in February.The report also said that thefts from homes are at their highest levels from October to December, with a particular rise generally seen after the clocks go back to GMT.This occurs on Sunday...Read More