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.
Pocket money drains parental pockets
Children's pocket money has risen by 600 per cent over the last 20 years according to a survey by Halifax.The survey revealed that children receive an average £8.01 per week in pocket money, seven times more than the 1987 average of £1.13 - increasing at six times the rate of inflation.Mike Regnier, head of savings at Halifax, said: "Part of the increase may be explained by changing tastes and t...Read More
Older people urged to remember to claim Winter Fuel Payments
Officially it may still be summer, but the Minister for pensions reform, Mike O'Brien, is urging older people to get their applications for Winter Fuel Payments.Anyone aged 60 or over on or before 23 September 2007 may qualify for a Winter Fuel Payment of £200 per household and those households with someone aged 80 or over could get a payment of £300 to help cover the high costs of heating their...Read More
nPower completes tough week for UK energy companies
UK power giant nPower was this week been effectively forced to agree a £63 million refund to customers who were overcharged due to a technical error back in 2007. It is believed that the company failed to inform customers in the correct manner with regards to price increases which has led to the record compensation bill which equates to around £35 per person affected by the issue. This is jus...Read More
Inflation falls as food and fuel prices are reduced
Today we saw the first fall in inflation for sometime with a 0.7 percentage point drop to 4.5% for October. This is the largest monthly fall for 16 years and managed to beat the forecasts of economic expert forecasts who had been looking a fall of 0.5 percentage points. The main reason for the fall was a reduction in the cost of food and fuel prices.
This is a major turning point fo...
British Gas profits anger consumer groups
Parent company Centrica today confirmed that its residential arm, British Gas, is on target to increase profits by over 50% for the full year. This comes at a time when wholesale prices have fallen by 25% during 2009 yet the cost to consumers has only been reduced by 10%. This particular anomaly has upset many consumer groups who have targeted Centrica and the British Gas division as an example of...Read More