'DIY' holidaymakers risk travel cover
Around eight million UK tourists risk being stranded during the summer because they are not covered by Air Travel Organisers' Licensing (Atol) travel protection.Most traditional travel agents automatically cover holidaymakers with Atol protection, which should ensure that tourists are escorted home and reimbursed should their agent cease trading.'DIY' tailored holidays from independent agents do not always offer this scheme, yet 39 per cent of holidaymakers booked this kind of holiday last year where a decade ago 97 per cent of holidays were booked through conventional agents.David Clover, spokesman for Atol, said on Channel 4's News at Noon that he was concerned that a new survey by the Civil Aviation Authority showed that a third of holidaymakers mistakenly believe they are covered by the Atol scheme when booking independently.Mr Clover said: "Atol provides full financial protection if anything goes wrong with the travel company, that means they'll get their full refund or be repatriated back to the UK if the tour operator goes bust.He warned of the importance of making sure you have adequate travel insurance, saying: "If you do a DIY holiday then there are real risks people will be stranded abroad or will lose out financially."
West Ham United on verge of being taken-over
It has been revealed that London based financial company Intermarket is on the verge of making a takeover offer for West Ham United, the UK premiership football team. The football club has been in financial difficulties for some time and a number of potential suitors have stepped forward and stepped back. However it is believed an offer valuing the club at around £100 million will be announced in...Read More
Is the threat from swine flu now over?
As many business leaders across the UK breathe a sigh of relief that the much predicted swine flu epidemic has yet to materialise in UK, there are fears that many people and businesses will become complacent. Historically, pandemics have happened in two waves with the first wave often causing a fraction of the damage of the second wave. Many experts are now predicting that swine flu, although stil...Read More
Is the Euro set to become the most influential currency in the world?
As rumours circulate Wall Street that the Federal Reserve is set to slash interest rates by 0.5% the dollar has taken a serious hit against the Euro. In a world where currency fluctuations have never been more severe it is the Euro which appears to come out best against both sterling and the dollar. As rumours also circulate that the UK is set to join up to the Euro in the short term some people a...Read More
Mind the gender pension gap
Women not only suffer from the pay gap, but are also subject to the pension gap, new research from Scottish Widows has shown.More than one in three women of working age (35 per cent) do not have a pension scheme, compared to 22 per cent of men, and employers also contribute less to female staff's pensions (as a percentage of salary) than they do to men's, the survey revealed. Over half (54 per cen...Read More
Postal strike could have silver lining for speeding drivers
As the Royal Mail workers strike continues to place more pressure on the UK economy and UK consumers, it has been revealed that speeding fines could well be cancelled due to a technical issue. Under UK law a motorist suspected of speeding can only be convicted of the offence if they receive official notification from the authorities within two weeks of the event. However, early estimates suggest t...Read More