Drinkers being penalised by insurance firms

Anyone that life or health insurance cover will know that there are a number of factors that can affect the amount that you have to pay for your cover, such as your age, your medical history, your smoking habits, and weight, and various other factors. Read more

Tags: Insurance, telling lies, insurance industry official, health insurance cover, drink, life insurance, middle class, alcohol

PM prepared to plough billions for into financial sector

Earlier this month the Prime Minister, Gordon Brown, and the Chancellor of the Exchequer, Alistair Darling, indicated that they were prepared to plough billions of pounds more into the financial sector through the use of taxpayer’s money in order to try and get things moving again. Read more

Tags: Prime Minister and the chancellor, part, government financial help, gordon brown, Shadow Chancellor of the Exchequer, month, purse, Alistair Darling

Future bleak for economy in UK

According to business leaders the future for the economy in the UK is looking very bleak, with many claiming that in the final part of last year the economy experienced ‘frightening deterioration’. Read more

Tags: recession, interest, Business Finance, uk economy, consumer, part, rate, British Retails Consortium

Elderly and indebted to be targeted by scammer

According to a recent report 2009 is a year that will see both the elderly and those with high levels of debt get targeted by scammers. Read more

Tags: truth, minimise, financial difficulty, office of fair trading, lottery scams, incomes, elderly scams, Lottery

Pick up a bargain when you jet off abroad

Over recent years jetting off on a holiday abroad has been out of reach financially for many people.

Whilst hotel costs and the cost of living abroad is often cheaper than in the UK, often making it cheaper to spend a week or two overseas on your holidays than in a destination in the UK, the cost of the flight to your chosen destination can really bump up the price, and it is this that has put overseas vacations out of the reach of many people. Read more

Tags: flight operators, airline, annual holiday, fuel surcharge, price, destination

Darling to optimistic about end of recession

Earlier this month the Chancellor of the Exchequer, Alistair Darling, indicated that there was a chance that the recession in the UK could be over by halfway through this year. Read more

Tags: United Kingdom, darling, prime, recession, international co, majority

Consumer to cut back further over this year

The sales that have been on both before and since the Christmas period have seen many people flock to the shops in the hope of picking up bargains for the home or as gifts. Read more

Tags: household budgets, name, Business cycle, january sales, industry, spending, hope, unemployment

100,000 a month could lose their jobs

Over recent weeks there has been rising concern over unemployment levels in the UK, with the recession and the current financial climate already have seen many jobs lost or threatened. Read more

Tags: hundreds of thousands, variety, official, unemployment, April

Barclays makes prediction on house prices and unemployment

The chief executive of the Barclays Group, John Varley, has recently spoken out about his predictions for both house price movement and unemployment in the UK over the course of this year.

There have been a number of predictions made by a variety of industry groups and professionals with regards to how quickly and by how much house prices will fall, as well as with regards to how fast and aggressively unemployment levels will rise.

Varley stated recently that over the course of this year he expected house prices to slide by around 10-15 percent, with Barclays having predicted a total slide of between 25-30 percent between 2007 and 2009.

He stated: “We’re probably about halfway through that period, so in other words we’ve got another 10-15 percent to fall between now and the end of next year.”

He also said that he expected unemployment levels to rise by over 7 percent over the course of this year.

With regards to unemployment levels he stated: “I think an additional 700,000 people unemployed over the course of the next 12 months is certainly possible to contemplate.”

He said that banks, central banks, and the government were partly to blame for the recession and the financial problems being experienced in the UK.

He also said that Barclays had refused a government bailout because it wanted to remain independent so that its growth overseas would not be marred, stating: “If British taxpayers’ money is going to be deployed in a bank as a result of the government owning shares in that bank, then a big part of the agenda of that bank and a lot of that incremental capital has to be directed at the UK. Our UK business is extremely important to us, but we employ more people outside the UK than inside the UK, we have more customers outside the UK than inside the UK, and it’s very important to me that that agenda of growth outside the UK is unimpaired.”

Tags: unemployment, barclays house prices, Central bank, group, Business Finance

Don’t be tempted to lie on your insurance application

Insurance is something that many of us take out to protect various aspects of our lives, from our pockets when taking our vehicles on the road and our belongings in our properties to our health and our loved ones in the event of unforeseen problems. Read more

Tags: basic cover, pressure, insurance fraud, household budgets, number, Cheating, way, insurance applications

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