£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.
Osborne could merge income tax and national insurance
30/06/2014 Chancellor George Osborne could announce plans to merge income tax and national insurance (NI) into a single payment if they are re-elected in the next general election. The plan was first suggested by the Office of Tax simplification in March 2011, however, consultation on tax reform has so far been pushed back due to the complexity of integrating the two separate systems. The...Read More
National Savings and Investments suffers £1 billion outflow
The news that the National Savings and Investments company (NS&I) has suffered a £1 billion outflow of funds between April and June has caused significant controversy in the UK financial markets. For the first time in some months the NS&I refused to match the best deals on the market regarding savings rates thus effectively forcing many savers into the arms of rival financial institutions.
Can Loyalty cards really save you money?
In the supermarket and retail market competition is forever increasing. Companies are constantly creating more and more ways to entice shoppers away from potentially cheaper stores, and they are actively encouraging us to frequent their own on a regular basis. They use a variety of tactics such as discounts, marketing campaigns and of course, loyalty cards. With Morrisons launching its new ‘...Read More
Why dont the authorities reduce our taxes to refloat the economy?
As we hear news of multi billion pound bailouts and more money where that came from, more and more UK tax payers are starting to wonder why the authorities did not just reduce our tax burden to refloat the economy. Surely less taxes means more money in the consumers pocket and more money to spend on the UK economy?
The truth is that this situation we are in is unique and is not dow...
UK car market records best year since financial crisis
07/01/2014 Britain’s new car market recorded its best year for sales in 2013 since before the 2007 financial crisis. British consumers bought more than 2.26 million vehicles in the past 12 months, representing a rise on 10.5pc on the previous 12 months, consolidating Britain’s position as Europe’s second largest car market, behind Germany. The results have come on the back of growin...Read More