Young Adults And Car Insurance

As young drivers enter into their twenties they may become eligible for better insurance rates. However, many drivers who were once on the same policy as their parents stick with the same insurance company when it comes time to carry their own policy. This is unfortunate since there is a very good possibility that another company may offer young drivers a far better deal. Read more

Tags: offer, play, finance, Financial services, rating

No change to mortgage crisis

There has been no change to the mortgage crisis in the UK despite government intervention, according to the Council of Mortgage Lenders. Officials from the CML have said that the problems in the mortgage industry are still ongoing, and the squeeze on credit and mortgages continues even though the government has pumped billions of pounds into the money market and has launched a £50 billion mortgage rescue plan that allows lenders to swap their mortgage assets for government bonds, which is aimed at restoring confidence amongst lenders and increasing liquidity in the mortgage sector. Read more

Tags: change, squeeze, credit, special liquidity scheme, bank insurance, Mortgages, mortgage lending, steady decline

Gas bills could rise by £400 a year

According to a recent report the cost of energy could soar by a massive amount, which could add around £400 on the average annual gas bill, which will add further strain to household finances. It is thought that bills could rise by as much as 40%, with a further round of price hikes due to take place in the autumn. Energy suppliers have already increased prices once this year, with pretty hefty increases that were brought in at the beginning of the year. Read more

Tags: bank insurance firms, commission, total income, slump gas bills, massive amount, energy companies, advisors

Competition Commission plans to look into PPI

PPI, which stands for Payment Protection Insurance, is a type of cover that is often sold with loans, credit cards, and other forms of credit. The purpose of the cover is to make repayments on the debt for a certain period of time if the policyholder cannot work and earn money due to illness, accident, or redundancy. The cover is often costly, but can prove valuable to those that can use it, as it offers peace of mind. However, it has been found that the cover has often been sold to those that can never claim on it, such as retired people and those that are self employed. Read more

Tags: U.S. Producer Price Index, rocket record deposits, direct advertising, use, payment protection insurance, payment, advertising, cap

Get a good deal on your savings from a British bank

There was a time not so long ago when consumers in the UK who wanted to get a good return on their savings were looking more towards foreign banks that had recently entered the UK market for savings accounts, as they were pretty sure that this is where the best interest rates would be found. They were not wrong, as a number of foreign banks have stormed into the UK savings account market over the past couple of years, and have stormed to the top of the best buy tables by offering impressive interest rates in a bid to attract customers and keep the competition at bay. Read more

Tags: savings account, Financial institutions, slump, housing slump, deal, competition

Insurance firms could face huge losses

According to a recent report the insurance industry could be facing huge losses as a result of the global credit crunch, with tighter household finances forcing many consumers to either downgrade or cancel their insurance cover in order to make ends meet each month. A survey was carried out by officials at Deloitte, and showed that around one if every four consumers were planning to either cut or cancel insurance cover in order to save money at what has become a very financially turbulent time. Read more

Tags: savings insurance, level, global credit crunch, housing, poll, party, Insurance

Unemployment levels could rise due to housing slump

The housing slump in the UK has been making the headlines on a regular basis over recent months, with house prices already having tumbled and with predictions that they will fall further over the coming months. This in itself has put potential buyers off because many are worried that house prices will continue to fall once they have purchased a property, and that they could then be left facing negative equity. Read more

Tags: decorators, official, gas bills, rocket record deposits, onset, unemployment, estate agents, cannot

Gas bills set to rocket

According to a recent warning from energyhelpline.com gas bills are set to soar over the coming months for UK families, with annual bills set to rocket from an average of £600 a year to £1000 a year. Gas and electricity prices soared earlier this year after wholesale energy prices went up, so families have already been hit hard by energy bill hikes, in addition to rises in the cost of food, petrol, and other bills such as water and council tax. However, officials warn that things are set to get much worse.
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Tags: electricity, average electricity bill, food, course, energy, petrol, gas bills, Wholesale

Record deposits in banks for April

According to recent reports April saw consumers in the UK deposit record savings in high street banks, with many rushing to take advantage of higher returns on deposits. Reports show that there was a surge in the level of deposits made by savers in the UK, with many trying to put money aside in order to try and combat the increases in living costs. However, the report also showed that only 50% of consumers see the need to put money aside in savings. Read more

Tags: record, Offshore bank, Financial institutions, high street banks, bank deposits, consumers, savers, ISAs