£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.
Banking sector volatile ahead of stress test results
Banking shares were very volatile this afternoon ahead of the release, after the markets closed, of stress test results which have been carried out by the European Union. As it happens, there were no real issues with the results although there are some banking institutions which are "sailing very close to the wind". So what next? Analysts have been awaiting the results of the European Union str...Read More
Boxing Day sales are no more
More and more retailers in the UK are bringing forward their "Boxing Day sales" and in effect offering massive discounts and announcing massive promotions ahead of Christmas day. While it is common knowledge that the UK retail sector has been struggling for some time, each and every retailer in the UK is now trying to squeeze as much money as possible from consumers. We are seeing companies such a...Read More
Supermarket sales see sharp rise
14/04/2015 Supermarket sales figures have risen by 3.2% year on year, according to a survey from the British Retail Consortium (BRC) and KPMG. The sharp rise in sales marks the strongest growth since January 2014, and food sales reported their strongest growth since July 2013 with a 1.8% rise. There figures show that there are signs of recovery in the grocery sector. The increase in March wa...Read More
How should we expect property prices to perform in 2010?
The release of the Nationwide property survey of the UK makes great reading for investors and home owners across the country but what about 2010? Can we expect more of the same or is this ongoing recovery in the UK property market not sustainable?
Unfortunately, yet again we have seen another third-party attempt to bring UK property owners down-to-earth with Savills suggesting that...
Under-25s' 'car insurance gender gap' grows
Young men continue to pay much more for their car insurance than young women.According to figures from the AA, released today, this "gender gap" has increased markedly over recent years - swelling by 60 per cent since 2003.The car insurance provider also said that premiums for young women have been falling over the past five years.Government figures show that under-25s cause 29 per cent of deaths...Read More