£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.
Taxpayers warned to be aware of fraudsters
HM Revenue and Customs has recently issued a number of specific warnings in areas of the UK regarding fraudsters who are impersonating HM Revenue and Customs personnel in order to obtain private confidential information. A number of fraudsters have been attempting to obtain bank details by requesting "confirmation of identification" over the telephone and using this information to empty bank accou...Read More
Is the UK losing its presence on the worldwide stage?
For many years the UK appears to have punched above its weight on the worldwide stage having the ear of countries such as America and leading European counterparts. However, since the credit crunch a number of weaknesses in the UK economy have been brought to the fore and indeed the country has been placed on an "avoid" list by many investors. So is the UK losing its presence on the worldwide stag...Read More
Is Lloyds looking at revising HBOS offer?
Since the deal to merge Lloyds Bank and HBOS was announced there has been a wave of criticism crashing against the Lloyds Bank boardroom door. Well it looks as though Lloyds Bank may well have the last laugh with rumours they are looking to revise the HBOS offer. Currently priced at 0.83 Lloyds Bank shares for every HBOS share there are strong signs that this could be revised down to 0.6 Lloyds...Read More
Was the Robin Hood tax vote rigged?
Earlier this week we saw a number of prominent politicians and showbiz celebrities step forward in support of a so called "Robin Hood tax" which would see a levy introduced on every financial transaction in the world to create a fund of around £250 billion a year. Richard Curtis, perhaps best known as the creator of the movie Love Actually, launched an online campaign to see what the public thoug...Read More
Markets await report on Lloyds bank rights issue
The £13.5 billion rights issue from Lloyds bank closed on Friday and we should hear very soon whether it has been a success. As we mentioned in one of our earlier articles, there is speculation that over 90% of shares on offer have been taken up with the balance set to be distributed amongst the underwriters. So what does this mean for Lloyds bank? The £13.5 billion rights issue is just one s...Read More