Personal Finance NewsBrits are planning to spend an average £195 each on the high street on life-after-lockdown treats – equating to £9.3 billion1 across the UK – according to new research from American Express. Shoppers are hitting their local high street to treat themselves to meals and drinks out, along with some new items for their wardrobe. The […]
Almost a fifth (18%) of people aged 50 and over say that the COVID-19 pandemic has already or may impact their retirement plans, according to a new study from Co-op Insurance. Of these, a quarter (25%) said they’ve not been able to retire due to their finances, a fifth have had to use some of their […]
Paragon Bank has urged savers to ensure they are making the most of tax-free savings as figures show that the number of ISA openings has halved this year. According to data analysed by Paragon, British savers opened a total of 932,000 new ISAs between February and May 2019. During the same period in 2020, only […]
Fewer than two fiths (39%) of adults living in rental accommodation have home contents cover compared to four out of five (83%) homeowners. Renters value their home contents at around £30,000 on average. Only one in five (20%) people aged under 25 have cover in place, whereas the vast majority of those aged 55+ have […]
As lockdown measures continue to ease, new drivers in England can now start taking driving lessons and theory tests again (from 4th July) and practical tests from 22 July. However, with only key workers able to take driving lessons and tests since 17 March and the DVLA only starting to take applications for provisional licences […]
As lockdown restrictions continue to be relaxed and people can use their cars more freely, GoCompare Car Insurance is warning drivers to make sure their vehicles are safe to drive and in a roadworthy condition. The warning comes as research, commissioned after MOT certificates were automatically extended due to the coronavirus pandemic, reveals that 9.3million cars require […]
Following the latest easing of the lock down by the government, Caxton has started to see an uptick in new card applications and customer queries re foreign travel options, as more people start thinking about the possibility of a summer holiday abroad later this year. On the back of increased customer questions regarding the best […]
The DVLA recently announced an exemption for all vehicles whose MOT ran out after 30th March 2020 for a 6 month period to help the spread of Covid-19. This has led to much conversation surrounding what exactly you should be paying for while lockdown is still enforced, with people questioning whether they still would need to […]
Motor incidents have increased by over a third (35%) in the last few weeks, according to Co-op Insurance’s claims data released today. With non-essential shops recently re-opening and as the Government advises people to walk, cycle or drive where possible, Co-op Insurance is anticipating a further surge in road traffic incidents. Whilst research from the insurer shows almost a fifth […]
