Young drivers lack basic car know-how
Young drivers fork out £140 million every year in car maintenance due to their lack of basic mechanical know-how, new research suggests.According to the study carried out by Direct Line, half of all drivers under 25 do not know how to jumpstart their car or replace a tyre, compared to 25 per cent of drivers aged 45 or over.Nearly one in three admitted to paying to have their oil changed, while 25 per cent also admitted to having their brake fluid checked.The findings come despite the DVLA introducing a car maintenance section to the practical driving test in September 2003.Some 37 per cent of 18 to 24 year olds who have passed this test still struggle when it comes to checking the level of their car's brake fluid."It's not unusual for drivers to feel a little helpless when it comes to car maintenance -however, it is important for drivers to be able to make basic safety checks on their vehicle, such as checking tyre pressure and oil level," Emma Holyer, Direct Line's motor spokesperson said."These checks are essential before embarking on a long journey and we are urging motorists to ensure they are able to conduct these simple tests rather than relying on parents or mechanics for help."Our research also shows that more than four in ten drivers have waited for their vehicle's annual service to fix some of these potentially serious problems. This should be avoided as it is important that all motorists are driving roadworthy vehicles," she added.Asking parents for help is still a popular and altogether cheaper alternative to paying out for professional know-how, with 62 per cent of all young drivers confessing to turning to their mums and dads for advice.
House price inflation rises to 8.8%
29/01/2014 House prices rose for the 13th consecutive month in January as annual inflation jumped to 8.8pc, according to the Nationwide building society. First-time buyers are said to have contributed significantly to the rise in prices, as they returned to the market in force, leading to a total rise of 0.7pc in January alone. The figures from the Nationwide are based on their own house...Read More
Do You Really Need A Car?
On the back of our recent article about car insurance and the fact that premiums are forever on the rise, have you ever considered whether you actually need a car? Do you really get value for money for the road tax, car insurance, maintenance costs and fuel that you use?
Even though the UK has one of the better public transport networks in the world there are still a number of areas...
Alastair Darling wants reform of the derivatives market
Chancellor of the Exchequer Alastair Darling has today stepped into the debate regarding the world wide derivatives market and the need for further regulation. This is a market which is worth hundreds of thousands of billions of dollars a year but one which is relatively unregulated and can move very quickly with new instruments appearing on a regular basis. So why is the derivatives market so imp...Read More
Postal union offers deal to avert mail strike
The Communication Workers Union has today informed Royal Mail management that is willing to enter last ditch talks with the aim of averting the forthcoming postal strike. While the unions have given some leeway after recent requests from the Royal Mail management, they have made it clear this is the last chance before they will have no option but to strike.
There are many behind the...
Non-Dom Tax Changes Set To Hit A Wider Market
In a move which further undermines the UK government’s taxation policy there are major concerns that the new tax rules brought in to catch ‘non-doms’, and ensure that they pay UK taxes on all income, will impact on a wider market. It looks as though not only will the system be very expensive to run and administer, but the middle classes look like suffering the most. As European...Read More