Drivers lie over claims to insurance companies
Millions of British motorists would lie to insurance providers to avoid jeopardising their claim, a new survey suggests.The study by Moneysupermarket found that 2.5 million drivers in the UK would bend the truth to ensure they received a payout.When asked what they would do if they had failed to lock their car properly leading to it being stolen, 26 per cent of motorists said they would resist telling the truth until their conscience caught up with them.Only 18 per cent of motorists said they would give the full facts without being pressed, while 41 per cent would own up to their carelessness if asked. "It's extremely worrying that one in three drivers would actively attempt a cover-up if their carelessness led to a claim," Richard Mason, managing director of insurance at moneysupermarket, said."People may not see the omission of certain facts as fraud, but if these facts helped lead to the claim then thatÃ¢â‚¬â„¢s exactly what it is. "We would urge all drivers to tell the full truth; insurance fraud is a criminal offence and the overall consequences could be far more costly than the sums they are trying to salvage by being economical with the truth."Insurers are often seen as the bad guys, but there are two sides to any relationship and drivers need to own up to their mistakes," he added.It seems that the Welsh are most honest when it comes to revealing the truth, with a quarter saying they would have no problems admitting the true sequence of events.
Is The UK Energy Market A Closed Shop?
As the price of energy in the UK continues to spiral higher and higher there are calls to introduce yet more players to the industry to try and stir up more competition. Even though it had been thought that current UK regulations were sufficient to see a degree of competition you would expect in a market of the UK's size, in practice this appear not to be the case. So what next?
UK government under pressure over petrol prices
As we approach the next general election the UK government is today concerned about growing unrest within the UK motoring community. The price of a litre of petrol is now around £1.20 and there are concerns that we could see the price increase to £1.50 in the short-term. A number of motoring organisations are reporting significant unrest amongst the members and many MPs have been on the end of v...Read More
Bank collapse compensation changes set for 2011
The UK government and the Financial Services Authority (FSA) have today announced that various new regulations regarding bank collapses will come into play on 31 December 2010. This will see savers compensated within a seven-day period, if their bank collapses, and also afford protection to those who have loans with the same organisation.
This is all within the EU deposit guarantee...
2014 could put many homes out of reach for buyers
16/12/2013 It is expected during 2014 that house prices could increase by 8%, which would push the average house price above £250,000. According to the property website Rightmove this increase is said to be caused by a combination of growing confidence in the housing market and the lack of supply of homes coming onto the market. The average British home will cost a buyer between £250,000...Read More
When is a bargain not a bargain?
The simple answer is when you do not need it!
It is common knowledge that UK retailers, and retailers around the world, have a very clear understanding of what makes the general consumer tick and what they like to see. Encouraging people to buy goods and services which they do not really require is an art-form which the top retailers in the UK have taken off to a tee!