Competition update

January 29, 2016

What a fabulous response we had to last week’s humorous messages unwittingly spelled out by three letter abbreviations of competing football teams competition!

Sadly most of your entries so far have been disturbingly misconceived, utterly unfathomable, and/or otherwise unpublishable. The hunt for a winner continues.

Some of your suggestions could clearly never arise in any league or cup known to man. We’ve tried to be lenient about this. Why after all should a friendly between Bolivia and Locomotive Moscow be deemed irretrievably beyond the realms of plausibility?

But even Bankstone Readers should surely be aware of the unspoken rule that forbids Arsenal from playing home games against a long list of teams including Lichfield, [deleted], [deleted], [deleted] and [deleted].

Some were gently amusing and entirely conceivable (Kings Lynn v Keynsham, anyone?) Others stepped up boldly towards the line delimiting the bounds of acceptable rudeness. Felixstowe and Walton United v Chelsea? That would be quite a cup run, though, wouldn’t it, and we didn’t understand that one anyway. So no dice Mrs P Funk of Henby Kirtlage.

We had a number of entries suggesting a fixture involving Wanstead and Kersall, which seems a tad strong. Banstead versus Kersall, however, is clearly going too far. So I’m afraid, Mr Montgommery J. Tench of Unthank, Northumberland (do they have a football team?), you will certainly not be receiving our top prize (a semi-freshly pulled pint of Mild AF).

So there you have it: still up for grabs. Come on your blighters: get suggesting or we’ll have to carry on writing these stories ourselves. And, let’s face it, that’s hardly in anyone’s best interests, is it!


January 29, 2016

When those in charge of appointing someone to head feared and respected regulatory body the Financial Comeback Authority (FCA) were looking for a longterm successor to rootin’ tootin’ Dennis Wheatley, they were specifically looking for someone with some vague idea how to run a regulatory body without upsetting everybody.

They were looking for someone who wouldn’t just run amok shooting people first and asking questions only as an afterthought (and not a particularly brilliant afterthought at that, since dead men tell few tales). They wanted someone with experience, stature, and palpable heft, someone capable of inspiring exactly the right combination of fear, respect and civilized restraint. Probably a bloke.

Something they clearly weren’t looking for was Tracey McDermott. Not, FCA chairman John Griff Rhys Jones was quick to stress, that – although clearly not a bloke – she hasn’t been doing an “excellent job” holding the fort after Wheatley rode out into the anals of regulatory history.

But in 56 year old banker A J Bailey, Jones reckons the FCA has netted a prize catch. When it comes to regulating, Bailey, he avers, has literally no rivals. Exactly what has become of all those who might have sought to rival him, Bankstone News hesitates to speculate. But, as of right now in the present moment, Jones is unequivocal: Bailey “brings unrivalled regulatory experience”.

He also has “an excellent reputation in the UK and internationally,” a track record that is not just something he made up to sound impressive on his CV but is actually “proven” and – best of all – has promised to eschew the bad old ways of trigger happy Wheatley by doing those he regulates the basic common courtesy of asking some questions BEFORE he starts shooting them or anything.

Not only has Bailey done “a great job” in his current role as Deputy Guv’nor of the Bank of England for Prudential Regulation, but he’s been an FCA board member since 2013, and thus had plenty of opportunity to see how not to do it. Hopefully, he’ll be putting this experience, rivalled or otherwise, to good use once he’s parked his gravitas in the FCA hot seat.

The market clearly has high hopes for Bailey and his new regime of deferred shooting. Insurance folk are especially reassured to see someone with such unrivalled experience of banking overseeing the insurance industry.

What a pleasant contrast this all makes to the distinctly lukewarm welcome the ‘lean and hungry’ looking Wheatley got when he was appointed. No mention of experience in his appointment press release, just some lukewarm words about looking forward to working with him.

In Bailey, the financial services sector finally has a regulator we can all warm to. And, with guilt once again having to be “proven” rather than assumed before shooting takes place, the regulator and his regulatees should find it so much easier to rub along comfortably.

Andrew Bailey, chief executive officer of the Prudential Regulation Authority (PRA) and member of the Financial Policy Committee at the Bank of England, gestures during the bank's financial stability report news conference at the Bank of England in London, U.K., on Wednesday, June, 26, 2012. The Bank of England said lenders are vulnerable to an abrupt increase in long-term interest rates as it warned that confidence in the financial system remains fragile. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Bailey: no pushover.

January 29, 2016

WARNING: think very very carefully whether you really want to drive home tonight.

We’re not talking about all the usual nonsense about being trapped in a loveless marriage amidst the myriad oppressive entanglements of a domestic routine that stopped making sense a long long time ago. No, we’re talking about taking a pragmatic tactical decision to take a rain check on a surefire date with a deadly destiny of the RTA carnage variety.

Of all the days you could possibly choose to get behind the wheel, turn on Armchair FM, and set the controls for the heart of Dunroamin, today is the very worst possible day of the entire year. Worse than Friday 13th, worse than Black Monday, worse even than Mauvey-Pink Wednesday. Better stay at the office tonight than risk almost certain calamity by chancing your luck on day of the UK’s most deadliest drivetime.

Not scared yet? Well, get this, O Skeptical One: last year there were 74% more accidents on January 29 than on an average UK day. That’s according to some very frightening numbers concocted by accident trading platform the Accident Exchange for the express purpose of getting their name (that’s the Accident Exchange) in the papers.

And on top of that, Readers, 29 January this year falls on a Friday (never a good day for driving anywhere, let’s face it) and on a day when there could be all type of wind and rain and shizz going down. So be warned – get some extra sandwiches in, and maybe a bottle or two of pop, and snuggle down on that sofa in reception with a couple of colleagues and some trade magazines, and then simply weather it out til midnight, when it will stop being 29 Jan and become 30 Jan, an altogether safer day to drive.

If you do insist on heading home, at least wait until after 6pm. January Fridays, with everyone dashing off home in the dark at exactly the same time makes it 53% more dangerous than driving at any other time during the preceding six hours. Ask your boss (assuming you still have one) if you can b*gger off early because you don’t want to fall foul of the entire year’s most dangerous driving conditions. Or stay chatting to the gang in reception for an hour or two. Maybe they’ll share their pop and trade mags if you’re nice.

To give you a better chance of surviving today’s traffic terrors, the Accident Exchange have compiled a list of top tips for drivers who don’t have a death wish, a version of which (we’ve just tidied it up and focused on the important bits) appears below:

1. Look where you’re going
2. Concentrate!
3. Make sure “your blades are clean” and top your “windscreen washer” up with “washer fluid”
4. Remove snow, ice, and mist from vehicle windows, so you can see out of them
5. Put your headlights on, so you can see where you are going and other drivers can see you
6. Allow “extra time” and don’t drive faster than your guardian angel can fly (Lovely thought that, isn’t it! Saw it on a sticker on a flowery lady’s car the other day)
7. Don’t drive right up anyone’s *rse if it’s all snowy or icy or whatever, and remember to always look way off into the distance – because cars take a long time to stop when they’re sliding on ice
8. Use low gears – that horrible constricted straining sound is a good thing: you want that sound – especially if you drive down a hill or something
9. Pack for disaster: take warm outdoor clothes, a reflectable jacket, torches, spades, flares (the distress signal kind, not the trousers), flasks of hot tea or coffee, a fully-charged mobile phone, and maybe a couple of tennis rackets and some string in case you need to travel a long way across a desolate snowy landscape
10. Don’t fuss around, Fool. Your life is on the line!


January 29, 2016

To any self-respecting Brit there’s nothing more important than having a car and driving it around from place to place. Life without a car would be like literally being dead or something. It’s just not something you’d even want to contemplate. In fact, Bankstone News would like to apologise right now for even bringing it up. Ugh. Horrible thought. Sorry.

Anyway, what with the economy still being a bit pants and money being, as Simply Mick used to say, unmentionably tight, lots of us are frankly struggling a bit to keep up with all the various costs of running a car in today’s twenty-first century modern Britain.

There’s only so much you can do by way of effecting prudent economies. Once you’ve cut out insurance and road tax and MOTs and so forth, even if you cut back a bit on the booze and fags, you’re still probably going to struggle to pay for all the fuel you’ll need – let alone for repairing or replacing all the bits that keep falling off or going on the fritz or whatever.

All of which probably goes some way towards explaining why 14 million Brits are driving round in kn*ckered motors. That’s according to in-depth research recently carried out by Direct Lie Car Insurance. Damage to body work is pretty much standard, it seems. Just 56% of us bother fixing the crumpled carapaces of our daily rides immediately after taking a hit.

If it’s not stopping you getting to and from work, getting the kids to and from school, and/or popping down the pub/out for fags/etc. etc, it’s hardly a priority. With all the filthy water and dirt flying up off the roads at this time of year, superficial damage is quickly obscured by highway grime in any case. Cleanliness is the thrifty driver’s enemy. Aesthetically speaking.

And then – unless you want to be super-precious about taking the odd risk – things like cracked or chipped windscreens (27%), faulty lights (18%) and bald tyres (10%) can always wait til you’re next feeling flush. Most drivers are happy to wait at least 43 days before getting things fixed, Direct Lime report, and who can blame them!

Got warning lights showing on your dashboard display (13%)? A bit of strategically positioned gaffer tape, a plaster, or even a nice big wodge of gum will soon resolve that annoyance. Brakes making a funning grinding sound (9%)? Brake sooner, brake for longer, try jamming your foot down REALLY hard (only, don’t put your foot literally through the floor, or there’ll be even more filthy road juice spraying up into the footwell).

Direct Lie motor bloke Augustus Park explains that “Drivers are so reliant on their cars, they are even driving them when damaged, risking a hefty fine and potentially putting their lives in danger. We urge motorists to get their cars fixed as soon as possible.”

Nice thought, Gus. You offering to pay? Time waster!


January 25, 2016

What an afternoon that was! Friday’s I Heart Claims Motor Claims Networking Lunch event – always a corker – was enlivened by the presence of former politician, evergreen smoothie, endlessly game self-parodist, wearer of brightly hued country smart casuals, giant-faced rail journey enthusiast Mike Portillio.

Assembled for this august occasion, the organisers have confirmed, were “more than 460 key stakeholders drawn from”… well, they were drawn from somewhere or other (they did say, but we’ve lost that bit of paper now). One of them was none other than Bankstain’s own Dixon Tyrestone. Best not speculate where they drew him from.

The common passion uniting all those present, of course, was a fiercely erotic ardour for all things Claims. Whether Portaloo shares this passion remained unclear after he had got up and spoken for a bit, before succumbing to a fit of light-headedness and having to sit down again.

Attendees who had hoped to hear Porttalbot waxing lyrical on the subject of the C Word, would have been disappointed – as would those hoping to see one of his outlandish primary-coloured blazer and slacks combos close up (boringly, he turned up in distinctly conventional business attire).

Perhaps he was just building up to a passionate declaration of his undying and overpowering love for Claims when it all got too much and he suddenly found himself tongue-tied, flustered, and strongly minded to sit down. Or maybe he was only doing it for the money and had simply lacked the will or the inspiration to carry on. Who knows.

What his audience did learn from suave one’s brief unscripted oration was that he’s planning to follow up smash hit TV travel shows Great British Railway Journeys, Great Continental Railway Journeys, Forgotten Railway Journeys (and highlights compilation Best Forgotten Railway Journeys), with Great American Railroad Journeys.

In a radical departure from previous series, the new programmes will see Portillo (literally ‘little door’, fact fans) traipsing about on various trains, clutching a hopelessly out of date travel guide, sporting brightly coloured blazers, breaking occasionally to enact a grotesque travesty of some hallowed local ritual to the more or less politely embarrassed consternation and discomfiture of all present.

Tyrestone’s an old mate of Miguel’s, as it happens (see photographic proof attached), and commented that it was always nice to see the old loon, but the drab business suit and the jaded (pre-fainting) repetition of tired old material like the aircraft carrier/lighthouse story had done his old mucker no favours.

Still, you gotta love those Claims!

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January 25, 2016

Truth as, they say, can sometimes be funnier than fiction. You know how there are some things you see and you just think: ‘Ha, ha, that’s really funny. That’s so funny you couldn’t make it up. Ha ha ha.’

Here at Bankstone News truth is the very air we breath. We spend our days (when we’re not down the pub), checking and rechecking every tiny detail of the stories we bring you to ensure their absolute accuracy and truthfulness.

But truth can be an elusive little fellow and sometimes we have literally no choice but to make the odd thing up. Nothing major, obviously, just sort of guessing a bit to fill in the gaps and brighten up some of the boring bits.

But, you know, making things up can be tiring work (thirsty too!) and every now and then we get to thinking: why do we have to waste all this valuable drinking time making up a lot of old nonsense for our readers. Why can’t they do it themselves?

That’s why we’re asking you, Dear Reader, to come up with some instructive and educational words that we can stick in here next week and not have to keep nipping back from the Badgers between lunch and home time.

Specifically we’re asking you to write in with chucklesome combinations of three-letter football team names as seen in the top left corner of your telly screen. Huh?, You may ask.

Well, for example: half way through watching (for some unfathomable reason) a recent soccerball game between Southampton and Watford, Bankstone top person Dickson Tyson happened to notice a secret message lurking amidst the characters SOT WAT in the who-are-these-people-and-who’s-winning panel towards the top of his screen.

This discovery had DT chuckling for a good three minutes, twenty two seconds. But we just bet you can tell us something similar that will have him going for five, ten or even fifteen minutes. That’s your challenge, Readers, send your hilarious fixture suggestions (real or hypothetical, league or cup, domestic or international) to

But no smut, mind you. If you’re thinking of suggesting something like Arsenal v FC Kaiserslautern, stop doing that at once! Your mind is a cesspool. Bankstone News is a family newsletter. Seriously, what is the matter with you!

Screen Shot 2016-01-25 at 11.00.17

January 22, 2016

In gritty contemporary crime drama Fraud Fighters II, professional motor fraud investigator Vicki Mulholland finds herself plucked from the polite white collar world of Big Yellow Insurance Company for a secondment with hard-living tough-talking anti-fraud police squad, the FEDs. Sparks fly as the FEDs’ old-school get-things-done style clashes with Vicki’s no-nonsense whiter-than-white by-the-book ethos.

“The secondment programme is here to stay,” insists DCI Ollie Little as he faces down disgruntled colleagues in a noisy meeting at the FEDs’ downtown HQ. “Vicki brings a huge amount of experience with her,” he perseveres over raucous catcalls, ribald cries of “I bet she does!” and bawdy masculine laughter. Bringing in someone with a fresh perspective, he persists, over a chorus of disapproval, “can improve the way we work together, and ultimately bring more insurance fraudsters to justice, to protect the public and the wider economy.”

“Have you finished, Sir?”, asks hard nut plain-clothes fraud fighter DI Mickey Lonsdale with barely concealed contempt, “because there’s motor fraud going on out there right now, and – with all due respect to Miss Holland or whatever her name is – those villains ain’t gonna catch themselves.” To his colleagues’ murmured assent, Lonsdale snatches up his brown leather bomber jacket and storms out of the briefing.

As, one by one, the other fraud fighters get up and head for the exit, plucky Vicki calls after them, insisting that she is ‘excited’ to be working with the FEDs.“Hopefully I’ll be able find new ways the industry can help make it easier for you to secure convictions,” she calls vainly after the last few stragglers, “and make life even more difficult for those looking to commit insurance fraud.”

“Don’t worry, Love,” reassures an older officer. “They’re like that with everyone to start with.” Not sticking around to be patronised or insulted any further, Vicki speeds across London in her sporty red saloon. We sees her pounding the treadmills at a swanky gym, fire in her eyes, then (fleetingly) showering, then sitting up late in her hotel room, the million twinkling lights of the nighttime capital skyline twinkling through a floor-to-ceiling window behind her, as she scans intently through ream upon ream of motor fraud paperwork, jotting frequent notes in the margins. Finally, a look of determined confidence settles over her comely features.

As one day follows another in her challenging new role, we see the feisty lady fraud buster shrug off her co-workers’ sexist banter and thinly veiled attempts at intimidation. Then unexpectedly she wins the grudging respect of her former adversary, DI Mickey Lonsdale, when a motor fraud bust goes badly wrong and only her quick thinking saves Lonsdale’s beloved mentally retarded German Shepard from being run down by a renegade gang of crash for cash asylum seekers in a Peugeot. But side-lined senior officer Derek Darnby remains a thorn in Vicki’s side and behind a facade of false friendliness he secretly plots to undermine her position once and for all.

Just when Vicki appears to have won over her new colleagues, and her relationship with the formerly hostile Lonsdale blossoms, the devious Darby springs his trap and Vicki finds herself accused of tipping off fraud ring mastermind Danbash Darrawiddy, allowing him to flee the corrugated iron pallisade of his crooked claims compound seconds before the FEDs swoop.

Threatened with disgrace – with even Lonsdale doubting her – Vicki’s time with the FEDs looks set to end badly. But one last twist remains to be played out. When the entire force scrambles to take on an all-out assault by the notorious Crash Claims Crew, an unlikely saviour comes to Vicki’s aid, promising to produce exonerating evidence to disprove her involvement in the Darrawiddy affair – but there’s a high price to pay for this assistance. As Vicki wrestles with a seemingly impossible moral dilemma, news comes through that Lonsdale has been captured by the C3 Crew and his life could be in peril – leading to an unforgettable knife-edge dramatic conclusion.

Must-see crime drama coming this Spring.

Or something.


January 21, 2016

Matt Oliver of comparators Gio Compario says he’s always tempted to “just drive away” when he bumps into other cars that have no one in them. But he says you shouldn’t do that, because it is against the law.

That’s what Matt says, but, Bankstone News feels bound to ask, in the light of revelations shortly to follow, whether anybody really pays the slightest attention to what Matt says.

Possibly not, because an important new survey commissioned by Gio Compario has revealed that six out of every 100 drivers openly admit to having “crashed into a parked car and driven away without leaving their details.”

Basically, what this means is that almost a half of all people who hit an unmanned vehicle simply scarper without so much as a second thought, amounting in aggregate to a whopping 1.7 million prang and runs!

Matt knows bumping can be traumatic. Just as if he’d opened the lid to your soul and read all your innermost thoughts and feelings, he reveals that: “Even a car-park bump with a parked vehicle can leave you feeling shaken, panicky and unsure of what to do.”

But when you find yourself in such traumatic circumstances, Matt has a little something that could help. It’s something called an ‘Accident Record’ and Matt says it can “help take some of the stress out of the situation”.

You can’t play it on a turntable or anything, but you can keep one of Matt’s ‘Accident Records’ in your car (they’re made out of paper) and then use it if you find yourself caught up in some kind of bump scenario to restore your inner calm and equilibrium by gathering and noting down a bunch of information your insurers will need to see whether or not they want to pay your claim and/or whether they can get some money off someone else.

Thoughtful, compassionate, understanding: these are the kinds of words that spring to mind when Bankstone News thinks about Matt Compario. Definitely one of the good guys!

Go compare adverts newest installment which sees the demise off Gio Compario disappearing into the black hole which has been created by Stephen hawking. Other adverts in the series have featured Louie spence and su barker T 01603 505845 M 07710 702267 E W Twitter @GordonMaw Facebook

Matt and a friend (we think)

January 18, 2016

Ey up mi ducks! Davey Sim ‘ere, coming at yuh live ’n’ direct from the salt-mizzle side streets o’ sleepy owd Bexhill-on-Sea.

What in name o’ Sweet Fanny Fretwell is our owd mate Davey doin’ in Bexhill-sur-Mer, you may well ax yerssen. To be raight, Ah’m beginning to wonder messen. Long story short: Ah’m doin’ another on those test drive thinguns for Bankstone News.

Long story a bit longer again: that owd git Dickson Tystone’s been ‘arping on for months about mey doin’ another test drive for ‘im. After ‘ow last un turned out, Ah’m firkin mi nogg-egg to fathom why. But once eez set ‘is heart fast on summat, ee’ll not be budged.

So t’other day, we wuz ‘aving a bit of a fuddle with those Bankstone Boys down their local, Badger’s Arms or summat, an’ after a jar or eight of Uncle Stanley’s Amber Death, I wer that canned up and daddied ower with Tystone maunderin’ on, I cobbed in towel and towd the bogger yes. Between us twain, ‘eez a mardy owd chuffowl if you rail ‘im when eez bladdered, an’ ee’d a gorra a kingsize bag on if I towd ‘im no.

That was then. This is two weeks later, and ‘ere I am in not-so-sunny Bexhill, getting a first gleg at mi test vehicle. It’s a gloomy rain-soaked spot where ahm stood, surrounded by a sea of owd folks bungalows with a single, Tower-o-Sauron style, office block towerin’ ower ‘em. As you’d expect it would, it bein’ ten stories tall or summat. All reet queer.

My test drive for today is a Go Go Elite Traveller 4, a state of the art personal mobility solution with a 24-volt DC motor that can take it from 0 to 6 kmph in well under ten seconds. After that minor mishap with Sports Hose last time out, Dickson reckoned ah’d be best off with something less, well, sporty. Am I made up, chuffed, or otherways well pleased? Am I ‘eck!

‘Not for on-road use,’ a red and white label tied to ‘andle barries tells mey. Not for on-road use? Not that ah’m chuntering or owt, but how is this a ‘road test’ if I can only go on causey? “Except where no pavement is available,” the label clarifies. Reet then. Much obliged to Thee for that! Ah’m fairly boz-eyed with ire now, and chommaxing mi teggies wi’ frostration.

But if I don’t get mi skets on an’ test drive this arkwanglin’ excuse for of an obesicle, Tystone’ll as like as not starting threatening to go public with a thing or two he knows about owd Davey that’s truly best kept private. So ‘ere we go. I gun ‘er up an cart off, battin’ along at what feels more like 5 or even 6 mph than 4 (the stated max speed).

The motor’s straining like a dillywap on astrofeed an’ I’m barmin’ along like Jellico. There’s owd folks divin’ to left and raight as I cut a swathe though Bexhill’s backstreet pedestrian streetlife.

Ah’ve already clonked a couple o’ slower ones, an they’re laid out on causey in mi wake, limbs a-twiching like parsnapped daddybods. ‘This is more of a lark than I daisywigged,’ I’m starting to think, as another couple of smackravelled old clecks loom into view. Slack-chopped rabbits in path of mi very own OAP harvester.

That’s when I ark the rawk o’ sirens and I cleg the slops on mi tail. It’s gonna be no belt job losing these boffers on a Go Go Elite Traveller. Ah’m givin’ it mi best shot though, when raight-side wheels go off curb. Before I know it, I’m side-on in roadway, with slopcar screetin’ up a foot short o’ mi nog.

“Ahh do, Officer,” I manage wankily as first slop, quite uneccessary, pins mey to dog shelf (the Go Go’s doin’ the pinning jus nicely, as it ‘appens, all bart sen). “You do not have to say anything…” the slopster’s tellin’ mi.

But I tell ‘im anyway. ‘It’s all a big mistake,’ I blart, ‘Ah never wanted to come to boggerin’ Bexhill on botherin’ Sea in first place!’

An’ that’s a fact, Readers. Ah’ve well an’ truly ‘ad enough, an’ Ah jus’ wanna go ome to mi own ahs.

I blame that Tystone.

An’ ahm not only bogger as does, ah don’t mind tellin’ yer!


January 15, 2016

Oh dear, oh dear! All the good work done by HMG’s fierce determination to bring down motor insurance premiums by cracking down on shameless something-for-nothing scroungers spuriously claiming for whiplash and whatnot is being undone by Joe Public’s perverse insistence on buying fancy new cars with lots of expensive-to-fix parts, and by er… HMG’s decision in November to help itself to a larger serving of that oh-so-tempting IPT (Insurance Premium Tart).

A fresh survey by caparison site and analists Towels What’s On has found that your average motorist is forking out an extra £78 today compared with twelve month previous. That’s a whooping 13.2% more, Readers, with an average fully comp premium now standing at a dizzying 6-7-2 squids.

Sobering news, Bankstone News is sure you will agree, and all the more reason to be glad the Saudis are currently giving oil away like it’s going out of fashion. Which it is, obviously.

The folks at reckon a big chunk of the increase in premiums is down to rising repair costs caused by the fact that even bog standard motors these days are packed with fancy components that are fiendishly tricky to fix, if not so fiendishly tricky they need replacing not repairing. Another chunk is attributable to the government’s fierce determination to rake in some extra cash, anyway it can, including via the aforementioned hike in Insurance Pudding Tax.

The good news is these are almost certainly just blips. What are the chances of Geo. Osbourne coming back for more IPT any time soon? Surely not. And all these costly-to-repair components are probably going to make cars safer to drive or something, so insurers’ claims costs will come down and they’ll all get back to squabbling over who can bring those premiums down the fastest.

That’s when we’ll really start to see firm evidence of the dramatic premium reductions brought on by HMG’s War on Claims. The government has repeatedly assured us that insurers are committed to passing on the full 100% benefit of reduced costs arising from the final defeat of frivolous PI claims to customers – and is sure to make certain that they honour their pledge.

Why, just the other day Treasury Secretary Hatty Baldwin confirmed in Parliament that “The pricing of insurance products is a commercial matter for individual insurers in which the government does not seek to intervene.”

So there you have it, basically.


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