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.
Even the aristocracy are suffering!
Yesterday there was an auction at Christie's which was something out of the norm and involved Princess Michael of Kent and an array of other royal family members. All in all, the Duke of Kent, Princess Alexandra, Prince Michael and Princess Michael of Kent auctioned 300 heirlooms from the Duke's late parent's estate to try and replenish their own personal finances. So how did they do? The 300 i...Read More
British Gas Profits rise 14pc
British Gas has reported a rise in profits of 14pc throughout 2012. It is though the company benefited from colder weather which saw consumers use more energy, as well as significant growth in the company’s oil and power generation business. Total profits for the year stood at a massive £2.74bn, while the British Gas residential energy supply arm, which raised prices for consumers in Octobe...Read More
Move to green energy hitting fuel poverty suffers
Those at the very bottom of the UK income spectrum are being hit disproportionately hard when it comes to investment in green technology and green energy. This is the conclusion of a report produced by the government's Fuel Policy Advisory Group which will force the UK government to think again about the green energy policies which are currently in place. But why should green energy cost more?...Read More
One million customers overcharged for energy
27/11/2014 Over one million customers who have a pre-paid meter have been overcharged by their energy companies because their meter is faulty, Energy UK has revealed. The industry body has revealed that roughly 1.5 million energy meters have not been working properly since they were installed. This has been going on for seven years for some customers who had their meter installed in 2007....Read More
Biofuel subsidy set to end, petrol prices up
Even though UK motorists are bracing themselves for a significant increase in the cost of petrol and diesel over the next few weeks, it has been revealed that the UK government is ending subsidy payments to biofuel companies in the UK. When you consider that biofuels account for 3% of petrol and diesel in the UK the extra cost after the subsidy is ended will be passed immediately onto UK motorists...Read More