Zurich saw the number of fraudulent property claims between 1 January and 31 May jump by 25% compared to the same period last year. Zurich UK said it uncovered £4.2m-worth of fraudulent property claims between January and May this year, equating to £40,000 per working day. The cost of living crisis is contributing to a sharp rise in fraudulent insurance claims, an insurer has warned. "We advise motorists to consider any alternative travel plans available and ensure they are suitably prepared in case they are delayed." "Nevertheless, drivers can expect journey times will likely be longer than normal, especially on motorways, which often tend to be at their busiest at this time of year. Superintendent Tony Blatchford of Avon and Somerset Police said: "Our protest liaison team has been engaging with the organiser so we can inform the public of the likely disruption and help to minimise it. The convoy is expected to leave the motorway and stop "for a period of time" before completing the same route in reverse, arriving back in Bridgwater "in the early afternoon", police said. The first stage of the protest in the South West will see vehicles travel north on the M5 between Bridgwater and the Almondsbury Interchange from around 8.45am, then east along the M4 and to Junction 1 of the M32. Planned fuel price protests will cause disruption on major roads in the South West on Friday.Īvon and Somerset Police warned motorists "slow-moving roadblocks" are planned on parts of the M4, M5, M32, A38.Īn image posted on the Facebook group Fuel Price Stand Against Tax suggests demonstrations will be held "nationwide", including in Birmingham, Cardiff, Liverpool, London and Manchester.
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But by making credit harder to get, rate increases slow economic growth. The bank's benchmarks affect how much it costs banks to borrow, and so determine what they charge to lend. Recession predictions have increased for later this year and next year as soaring bills for electricity, fuel and gas hit businesses and people's spending power. Larger step towards exiting from negative interest rates." "We decided on balance that it was appropriate to take a
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She listed several driving factors, including higher food and energy costs and wage rises. "We expect inflation to remain undesirably high "Price pressure is spreading across more and more sectors. The move raises questions about whether the rush to make credit more expensive will plunge major economies into recession. It also lifted its main refinancing rate to 0.5% and proposed more hikes. The ECB raised its benchmark deposit rate by 50 basis points to 0%, breaking its own guidance for a 25 basis point move. The European Central Bank has increased rates for the first time since July 2011.