Insurance hike for users of Facebook

It has been announced that higher insurance costs could be applied to those that use social networking sites such as Facebook on a regular basis, because insurance firms see these consumers as being higher risk due to the possibility of personal and sensitive details being viewed by others. Read more

Tags: gain confidence, Criminals, burlaries, facebook, doubt in my mind, Insurance hike, facebook insurance, home insurance

Up to £1.6bn to be spent on Valentines day

British spenders are expected to splash out up to £1.6 billion on Valentines day gifts for loved ones, according to a recent survey.

Findings from PayPal revealed that the average spend per gift is thought to be £71.25 with those in a relationship spending £69.90.

Cristina Hoole, spokeswoman for PayPal, said: “It would seem that romance is far from dead as almost half of Brits will be splashing out a massive £1.6 billion on their loved ones this week.”

She added that as millions are expected to hit shops, up to one in five will choose to shop online for a gift to avoid the crowds.

Further findings from PayPal showed that up to a quarter of UK men are more likely to conduct their shopping online and 36 per cent of Brits in a relationship do not plan to give any presents.

Meanwhile, research from APACS, the UK’s payment association, revealed that credit card spending over the festive period totalled £32.2 billion.

Tags: quarter, card, facebook, UK men, recent survey, relationship, day, romance