Risk adverse approach to aid recovering UK economy Under the possibility of a potential election date next year, Chancellor Jeremy Hunt delivered his Autumn Statement, a key note achievement of which was the continuing falling rate of inflation based on the latest forecasts from the Office for Budget Responsibility. Against the background of a seemingly […]
One of the most talked about business insurances we offer to the Travel Sector is Cyber Insurance. Cyber insurance protects a Travel Company’s business from the expenses following a cyber incident or data breach and provides experienced technical support in the recovery process. Comprehensive Cyber cover is important as Travel Organisers are very vulnerable to […]
Clarifying the Government’s economic focus after the confusion following the Mini Budget U-turns, the Chancellor championed the Government’s three economic priorities: stability, growth and public services. Amidst the backdrop of an economy in recession and struggling with the consequences of record inflation levels, Chancellor Jeremy Hunt delivered his Autumn Statement today. Clarifying the Government’s economic focus […]
Chancellor Kwarteng reveals plan for tax cuts in mini-budget Kwasi Kwarteng was appointed Chancellor of the Exchequer on 6 September 2022 amidst a turbulent time for the Conservative Government, and within the wider context of financial hardship for many individuals and businesses. Chancellor Kwarteng’s first task was to deliver a mini-budget — effectively an emergency […]
More choice in insolvency protection by Jochen Eversmeier Friday, September 16, 2022 The former Swiss Re and Zurich specialist for travel price hedging Jakov Dolic is building up business in the German market for Arcus Solutions. With Arcus Solutions, a provider from abroad is entering the German hedging market for travel providers. He wants to […]
It has now been confirmed that the state funeral of HM Queen Elizabeth II will be on Monday 19th September 2022, which will also be a national bank holiday. The government have advised that this will allow individuals, businesses and other organisations to pay their respects to Her Majesty and commemorate her reign, while marking […]
It’s still only the beginning of September but we are seeing that this year’s September renewals are going to be very busy and the total number of Travel Company’s we are managing are ahead of 2019 volumes. September has always been the busiest renewal period of the two annual renewals (March and September) for ABTA […]
Travel & General Insurance Services (t&g), part of the Assured Underwriting Group, the main travel bond specialist in the UK for the past 40 years is opening a European bonding division under the name Arcus Solutions. Arcus Solutions is established in France and is recognised by regulators in Ireland, Germany, Austria, The Netherlands, Belgium, Sweden […]
The 1st of April 2022 saw Covid guidance ending and some major changes to how we as a society live with covid being implemented. Asymptomatic testing has been abolished altogether for most of the population and with free lateral flows also stopping from 1st April 2022, this will mean that there are more people than […]
There is no doubt that the Package Travel Regulations 2018 (PTRs) were not written with a Pandemic in mind. But despite that, the PTRs are the law which regulates the travel industry, who with their legal advisers have had to do their best to interpret how the PTRs apply in a raft of situations for […]
The Chancellor’s Spring Statement was delivered amidst dire social and economic circumstances. Living costs continue to increase at an alarming rate; the levels of inflation escalating to the highest in 30 years within an economy struggling to find its feet after the Coronavirus pandemic. Events played out on an international level will also have consequences […]
Previously in respect of tips given to staff, the UK Government pledged to take action. In 2016 they started a consultation on tips, gratuities, cover and service charges. In 2018 they announced their intention to legislate, to provide that tips left for workers are retained in full by those workers. The government estimates that this new […]
