- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
- Comparison websites under the hot spotlight.
- The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
- Sat 12th Apr 2008
Lack of gap year insurance 'concerning'
Wed 5 Dec 2007 3pm
An alarming number of the UK's young people leave the country on a gap year adventure without arranging travel insurance, an expert has claimed.Tom Griffiths said that he was "seriously concerned" about the number of people travelling around the world without adequate cover, adding that a serious incident abroad could even put parents' homes at risk in the event of medical bills spiralling out of control.
According to Mr Griffiths' company gapyear.com, over 25 per cent of travellers do not have the appropriate level of insurance when setting out on a gap year trip.
He stated: "No parent would ever let their child jump in a car without car insurance, yet they'll let them leave the country without travel insurance.
"The biggest problem with backpackers is they just don't understand it - all the medical and personal liability stuff."
A recent report from NatWest stated that 24 per cent of last year's university applicants chose to take a gap year and defer their entry into higher education until 2007.
