Financial Glossary
Is the long-term growth trend in UK property still in place?
Despite the fact that UK property market has been a volatile over the last three years, and indeed according to many is on the verge of a further downward spiral, the truth is that in the longer term the UK property market is likely to remain buoyant and in demand. When you take into account the ever-growing population of the UK and the reluctance of many local authorities to build further council houses it seems almost inevitable that demand for existing houses and new properties will grow.
The problem for the UK authorities is that the UK’s is a relatively small island and due to significant underinvestment on new properties in the past there is still a long-term imbalance between supply and demand.
Is it time to review your car insurance?
If there is one area of the insurance market which continues to attract the wrath of UK consumers it has to be the car insurance sector. This is an area of the insurance market where premiums constantly seem to go higher and higher with legally insured drivers also paying the price, and the cost, of those who drive on the UK roads without insurance. So is it time to review your car insurance?
Many people do not realise but there is the potential to reduce your car insurance premiums simply by either increasing the excess or taking out an insurance policy which best suits your driving habits and your driving requirements.
Co-op reveals profits rise but has concerns for the future
The Co-operative Group has today issued half year results which show a 17% rise in profits from £221 million over the corresponding period last year up to £260 million this year. There was a 12.6% increase in profits from its supermarket division even though there were distribution issues with regards to the integration of the Somerfield acquisition. However, it is the company’s comments about the immediate future of the UK economy which have caught the eye.
The company itself has expanded not only the supermarket division but also its financial services operation which has given the Co-operative Group a larger base in the UK. How
Small plane crashes off Bahamas, 6 rescued
Bahamas Plane Crash
NASSAU, Bahamas – Rescuers in boats saved six people, including two children and a pregnant woman, who were found clinging to the wreckage of a small plane that crash landed Monday in waters off the Bahamas.
The twin-engine Piper Aztec went down about 3 miles (5 kilometers) from Grand Bahama Island after one of its engines failed, said Jamie Rose of the Bahamas Air Sea Rescue Association.
The passengers were holding on to the floating tail section of the plane when Rose arrived in response to their distress call.
“They were still pretty shell shocked,” Rose said. “
Why are there so many empty stores on the high street?
While the demise of UK retail chain Woolworth’s hit the headlines some time ago it is believed that in excess of 300 former Woolworth’s stores are still laying empty on high streets up and down the UK. Despite the fact that a number of companies have stepped forward to take on some of the former leases the very fact there are so many stores still empty is a perfect indication of the very difficult environment on the UK high street. The situation looks even worse when you consider the relatively low rental arrangements on offer as landlords look to at least bring in some income from these stagnating assets.
A report recently confirmed that the UK high street is struggling to make ends meet as online shopping becomes something of the norm in the UK.