Fly Parking, Water Compensation, Pensions
The amount of money received in compensation for poor service from water companies will increase by up to tenfold today.
From today, water companies will have to increase the amount of money they pay consumers to compensate for a poor service. This is the first increase in compensation for 25 years and comes at a time when customer trust in water companies is at an all time low. Emma Hardy, the UK’s Minister for Water and Flooding, talks us through the changes.
Passenger numbers at Manchester, Stanstead and East Midlands Airports have recently hit record highs. As airport parking gets harder to come by and much more expensive, holidaymakers are choosing to park in residential roads nearby for free. It’s known as “fly parking” and it is infuriating many local communities.
People are opting out of making pension payments in order to deal with cost of living pressures. According to data from the Sunday Times, there was an increase of over 70% in the number of people opting out of their NHS pensions last year compared to 2021. With three in five freelancers and people who are self-employed also saying they cannot afford to save for a pension, we discuss what else can be done to plan for retirement.
Tickets to Glastonbury festival have increased in price by 50% in the last five years. As festival costs continue to rise, more people are buying tickets with payment plans so they can spread the expense over several months. However, payment plans aren't without their risks. For some festivals, if you miss an instalment and are unable to pay within a certain time frame, you not only lose your ticket - but also all of the money you have paid towards it so far. We'll look at your rights if you miss a payment.