£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.
Why is Lloyds bank looking for a successor to Eric Daniels?
In a rather bizarre announcement it has been revealed that Lloyds bank has hired a firm of headhunters to draw-up a short list of potential successors to chief executive Eric Daniels, despite there being no plans for him to leave his position. Even though the bank has suggested this is simply a contingency plan for the future there are concerns that the management at Lloyds bank is fragmented and...Read More
Sharing space saves savvy city-dwellers cash
Gumtree.com, Britain's busiest website for people seeking accommodation, has just announced an increase of 38 per cent in flatshare listings.Additionally, some 19 per cent of lodgers choose not only to share a property, but also share their bedroom with another boarder in order to halve their rent.Tenants have increasingly opted for accommodation measures such as 'couch surfing', which was introdu...Read More
Bank of England leaves base rates untouched
The Bank of England MPC has left UK base rates at 0.5% for the 15th consecutive month and made no changes to the quantitative easing program. This comes at a time when concerns regarding the forthcoming budget have arisen and the impact which potentially £60 billion in budget cuts will have on the economy. As a consequence the MPC has pegged UK rates at 0.5% even though the Organisation for Econo...Read More
Wind power delay for UK government
Despite yesterday claiming that up to 50% of UK homes will have their electricity supply originating from wind power by 2020, the UK government has been forced to admit that this particular plan is ambitious to say the least. Aside from the fact that the 6,400 new wind farms, which will be located offshore, will take longer than first expected to arrive there is also the problem of transferring th...Read More
More houses being built
15/05/2014 There has been a drastic increase in the number of houses that have started being built in the UK, new government figures have revealed. In comparison with April 2013, when the ‘Help to Buy’ scheme first started, there has been a 31% increase in the number of new houses that have started the building process. However, the number of houses that have been completed has only i...Read More