Car insurance rises for first time in 18 months April 21, 2022 Car insurance premiums have risen for the first time in 18 months, according to financial services company Confused. Data revealed today that insuring a vehicle is £12 more expensive than it was a year ago, causing the average premium to be as high as £550 per year. “Car insurance costs are starting to increase, and [...]
Watching movies gets green light, but ban on mobiles remains, as Highway Code updated for self-driving cars April 20, 2022 Drivers will be able to watch movies at the wheel of a driverless car, but the ban on using your mobile remains, as The Highway Code is set to be updated. Under the proposed changes put forward by the Department for Transport, users of driverless vehicles will not be responsible for crashes but instead the [...]
Car rentals double this month amid Easter travel chaos April 12, 2022 Car rentals have doubled ahead of Easter weekend, as Brits come up with alternatives while travel disruption wreaks havoc among the country’s transport network. According to data from Volkswagen Financial Services UK (VWFS), rentals on online platform Rent-a-Car have gone up 148 per cent on last year. “Lots of people have been waiting a long [...]
Drivers warned about busiest Easter on record as 21.5 million journeys planned April 11, 2022 Drivers were told to brace for the busiest Easter on record, as an estimated 21.5 million trips will be made over the bank holiday. According to automotive insurance company RAC, this year will be the busiest since it started recording traffic data in 2014. “After two years of relatively quiet Easter bank holidays on the [...]
Sunak gives with one hand and takes with another to paint a positive veneer March 28, 2022 LAST week’s spring statement—the chancellor’s mini-budget, and a significant opportunity to lay out priorities and plans—was a big event for Rishi Sunak. While Covid cases persist and people are still dying, there is a broader feeling that the pandemic is now under control, and that the country can now think about moving into a post-virus [...]
City A.M. Awards 2022: Insurance Company of the Year March 24, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
Soaring oil prices create panic among most UK drivers March 7, 2022 Soaring oil prices continue to create panic among UK drivers, as growing numbers continue to be concerned about filling up their tanks. As a result of the ongoing Ukrainian conflict and consequences on oil prices as well as because of soaring inflation, UK petrol prices have risen last week to £1.55 per litre for diesel [...]
Fuel be sorry: Record petrol prices could hurt retail sector warn experts March 7, 2022 Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.
Insurance group Admiral delivers jump in profits as car customers drive growth March 3, 2022 FTSE-100 insurance group Admiral reported a boost in profits and hiked its dividend payout today as it felt the lift of more than half a million new customers in its core motor insurance division last year.