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.
Supreme Court to rule on prenuptial agreements
The UK Supreme Court will this week rule on the validity of prenuptial agreements and whether the parties involved should be bound by what can in many cases be fairly old agreements. The situation has come to a head because of a high-profile and highly expensive divorce hearing where an initial prenuptial agreement saw the gentleman in question receiving £1 million upon divorce although his ex-wi...Read More
SFO confirm instances of fraud have increased lately
The serious fraud office is rumoured to be investigating at least two multi-million pound frauds which have come to light in the UK over the last few months. These cases have no association with the ongoing US investigation regarding the $50 billion investment fund pyramid scheme which recently collapsed. However, these two new investigations do reflect the increasing number of attempted frauds in...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...
Where did all the money go?
As the UK economy continues to bump along in recession many people are now wondering where the billions upon billions of pounds of taxpayer's money has all gone. We have seen a quantitative easing investment programme in the billions, we have seen VAT reduced, we have seen the UK government take a large stakes in UK banks and investment programmes continue up and down the country. However, if the...Read More
House Price Falls Fastest For 17 Years
A report by the Nationwide has highlighted the fact that house prices are now falling at the fastest rate for over 17 years and the situation does not look as if it will improve in the short term. Prices slumped by 8.1% last year which knocked £15,000 off the average house price across the UK. The average house is now valued at under £170,000 for the first time in a long while. So where do we...Read More