UK holiday company collapse
UK holiday company Goldtrail collapsed yesterday with 16,000 customers left stranded overseas and future holidays under threat. There is also anger regarding the fact that many customers were left waiting with no news at various airports around the UK, despite the fact that the company had collapsed hours earlier. So what next for stranded holidaymakers?
The Civil Aviation Authority is currently looking at making arrangements to fly stranded passengers back to the UK under the ATOL scheme. So in theory, while there has been severe inconvenience, the vast majority of those stranded overseas should be back in the UK very soon. However, the situation regarding those with holidays booked for the future through Goldtrail will be very different and advice should be sought regarding potential compensation.
This is the first holiday company collapse for sometime in the UK although it appears there have been serious reservations about the company in question for some time. However, quite what prompted the sudden collapse of the company remains to be seen although there will likely be some form of investigation to see if lessons can be learned. Whether this will be the first of a number similar collapses in the short to medium term is of serious concern.
Have Higher Fuel Prices Finally Introduced The Green Factor?
While governments around the world have been fleecing the population in the name of green issues for many years, it seems that the rise in the price of oil has succeed in converting many where the government ' sledge hammer to crack a nut' approach has failed.
Over the last 20 years there can be few countries in the world that have experienced the introduction of as many taxes in...
Oil Giants Call For Market Transparency
As the high level oil meeting in Saudi Arabia winds down there are signs of a break through in the future transparency of the oil markets with calls for supply and demand figures to be made more available. The majority of those at the conference expressed great concern at the speculators in the market, with many blaming them for the recent rise in the price of a barrel of oil.
Food Price Inflation Hits 7%
While in the wider market inflation may be nudging ever closer to 4%, the figure for year on year food price inflation has reached a staggering 7% with more and more retailers forced to pass on energy and transport cost rises to the consumer. Foods prices in June 2008 rose by 7% compared with June last year and with the price of oil set to move higher it seems that food price inflation may not ye...Read More
SSE freezes energy prices until 2016
26/03/2014 Energy supplier SSE has announced plans to freeze gas and electricity prices until 2016. The move which holds similarities to the Labour energy policy, which promises to freeze energy prices for 20 months if they are elected, is likely to lower profits according to the company. However, the company has said it will offset this loss in profits as much as possible by “streamlin...Read More
Is It Time To Raid The Holiday Market?
What better time to grab a bargain than now, just as the main season is coming to and end and holiday companies are struggling to sell on their allocation?
Those in a position to fund a holiday will find some rich pickings in the market over the next few months, but don't leave it too late as the Christmas holiday season will soon be upon us with the premiums which they attract!