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British reliance on gas for energy growing Small business seek cap on credit cards Lenders `told to deliver contradictory objectives` Economy shrinking ‘faster than thought’ Retailers begin sales two days early Fewer Christmas shoppers on high street Lenders cancel house price forecasts Online shopping up despite downturn 75% put ‘key life plans’ on hold ‘Excessive’ pensions to be cut 71% of households ‘have less disposable income’ Debt problems could lead to a gloomy Christmas Debt news: rent arrears expected to grow in 2009 Energy firms ‘could afford price cuts’ Debt problems could lead to a gloomy Christmas Diesel prices fall below £1 per litre Avoiding debt at Christmas Bank offers personalised loan charges Lenders set to pass on full rate cut More people facing bankruptcy

Redundancy protection should be a "priority"

26/06/2008

A finance expert has recommended people cover themselves against redundancy in the midst of the credit crunch.

David Kuo, head of personal finance at money information site Fool.co.uk, said protecting yourself from the threat of redundancy "will provide some peace of mind".

"With the credit crunch nibbling away at economic growth, protection from redundancy may be more of a priority," he commented.

However, Mr Kuo advised consumers to shop around to find the best insurance deal and to make sure they are aware of any exclusions by reading the small print.

Last month, Fool.co.uk found a quarter of consumers try to self-insure by saving money for emergencies rather than taking out official policies.

Many consumers area also unaware of how much cover they have while spending over £1,500 a year on insurance, according to the research.

Recent findings from Deloitte indicate consumers are trying to save money on their insurance policies. The figures, obtained by YouGov, show people may cut back on travel, health and pet insurance and choose third-party motor insurance over comprehensive in the future.

British reliance on gas for energy growing 06/01/2009 - New figures suggest that Britain’s dependence on natural gas is Small business seek cap on credit cards 06/01/2009 - Credit card interest rates should be capped to help small What can I do to avoid Christmas debt? 05/01/2009 - Christmas is traditionally a happy time – a time spent Lenders `told to deliver contradictory objectives` 31/12/2008 - Over recent weeks, banks and building societies have been under