£6bn lost on cancelled holidays
With a recent study revealing that over £6 billion was lost last year through people cancelling holidays they have already booked, Britons have been reminded of the importance of taking out a comprehensive travel insurance policy.According to the insurer More Than, who released the findings, while many people book their holidays well in advance, many fail to take out insurance and therefore leave themselves vulnerable to losing money spent on booked travel and accommodation should their plans change.Of all the claims made through More Than's travel insurance service last year, 26 per cent were for the cancellation of holidays, with an average cost of £856.Commenting on the findings, the company's head of travel insurance, Keira Clark, said: "It's encouraging that holidaymakers are catching on to the importance of travel insurance, but many still don't realise that by purchasing their policies late, they miss out on valuable cancellation cover."The comments come soon after British holidaymakers were advised to make sure their building insurance is up-to-date before going away, in the event of leaking pipes and water damage.
Minimum-wage increased by 2% from October
The minimum wage will increase by 2% from October 2010, or 13p, coming in at £5.93 an hour. This increase is in line with the recommendation of the Low Pay Commission but is well behind the retail price index which is the common measurements of inflation. Recently the UK government reminded the Low Pay Commission that it also had an obligation to consider the competitiveness of small to medium-si...Read More
Irish economy appears to be in freefall
The Irish economy appears to be in freefall today with the central bank suggesting there will be a fall of 6% in Ireland's gross domestic product this year, which is a whole two percentage points greater than forecasts only a few weeks ago. However, more alarmingly the 6% reduction is also under review and may well be increased in the weeks and months ahead. After a period of substantial growth wh...Read More
Payday loan middleman complaints double
19/08/2014 Complaints from payday loan customers about credit broking services have doubled over the last 12 months, according to the Financial Ombudsman Service (FOS). Credit broking websites are essentially middlemen between the payday loan company and the customer, and they are designed to help people find a loan that suits their needs. However, these companies charge upfront broking...Read More
Is the principle of green energy self-defeating?
Under new plans revealed by the UK government it will cost UK homeowners more and more for their green energy in the future as consumers are forced to cover the cost of this massive change in the power supply system in the UK. But is the principle of green energy self-defeating?
While this may seem a rather bizarre statement to make, let's consider the fact that green energy in the...
Will A Property Stamp Duty Freeze Really Help?
News that Alistair Darling is in the process of reviewing a possible freeze in housing stamp duty has received a very good response in the press, but will it really make a massive difference?
For those unaware of the stamp duty bands you will pay 0% on a home worth up to £125,000, 1% on a property between £125,000 and £250,000, 3% between £250,000 and £500,000 and 4% for a pro...