1,200 bikes stolen every day, insurer claims
Around 16 per cent of cycle thefts take place in the home, Sainsbury's Bank said today.The home insurance provider made the eye-catching claim as it released new bike theft data, which was derived from claims histories dating back to 2004.According to Sainsbury's, an average of 1,208 bikes are stolen each day in the UK - with many people taking inadequate security measures to prevent the thefts.For example, Tory leader David Cameron had his cycle stolen in Notting Hill recently, after he attached it to a small bollard while shopping in Portobello Market.All the thief had to do to steal the bike was to lift it away.Neil Laird at Sainsbury's commented: "David Cameron is far from being the only person to have a bike stolen."Unfortunately, bicycles are a popular target for thieves as they can be relatively easy to steal and re-sell. It's important cyclists consider their bike security at home as well as away."
Share this..
Related stories
When did you last check your tax return?
The recent revelation about 1.4 million people in the UK have unknowingly underpaid their taxes over the last few years should hopefully prompt more and more people to check their tax returns in the future. While the reasoning for the underpayment of taxes would appear to be something of an administration issue, there is no doubt that millions of people in the UK have no idea of their tax code and...
Read More“Big Six” energy firms to lose quarter of customers
02/10/2014 Financial analysts have predicted the “Big Six” energy firms in the UK will lose a quarter of their customers over the next six years. Citigroup investment bank have released a report detailing the predictions, and they believe some of the firms may be driven out of the market in the next decade. The report stated that consumers will still suffer, with prices forecasted to rise...
Read MoreMortgage approvals fall to 14 month low
23/10/2014 The number of mortgages approved for house purchases has fallen 10% in a year, The British Bankers Associate (BBA) have said. There are now fears that the housing market is beginning to cool. There has been a total of 39,271 loans approved for house purchases over the month, which is a 14 month low. The pervious six months’ average was 42,589. The Mortgage Market review (MMR),...
Read MoreThinktank suggests seven pence rise in income tax
The National Institute of Economic and Social Research has reviewed the finances of the UK government and made some rather startling suggestions which will not make good reading for the UK taxpayer. The institute believes that either income tax in the UK should increase by seven pence in the pound or the pension age should be increased to 70 years in order to plug the massive gap in the UK governm...
Read MoreMortgage lending under serious pressure
The month of November has seen mortgage lending fall to record lows with a drop of over two thirds from the highs of 2007 with many experts forecasting further falls. Despite a window of opportunity only a few weeks ago in which the property market appeared to be consolidating this small light at the end of the tunnel has gone out. The UK property market now appears to be heading south faster than...
Read More