The cost of car insurance in the UK has dropped the most since 2001
Drivers in the UK are paying an average of around পা 100 less to insure their cars than they did a year ago, the biggest insurance price of the year since 2014.
This decline was due to a sharp decline in driving, and so during the epidemic claims that insurance providers have delivered lower premiums to their customers. According to the index provided by insurance broker Willis Tower Watson and the comparison website Confused.com, the price of car insurance in the third quarter was 116 percent lower than the same period last year.
This equates to a বছরের 97 year-on-year fall for the average premium, £ 514, the biggest drop in seven years and the second largest since the index began in 2006.
The quarter-on-quarter fall was much smaller at 2 percent. Recovery in road use is already becoming normal, and experts predict that this will create upward pressure on prices.
But the overall outlook for 2022 is “extremely uncertain,” said Stephen Jones, Willis’s UK property and casualty adviser. He said the expected rise in pricing from reforms that took effect in January, banning so-called “loyalty fines” on renewals and the challenge facing car repair shops from supply-chain problems facing the larger UK economy.
The arrow-bow attacker killed several people in the Norwegian city
Norwegian police are investigating a possible terrorist attack after a man killed several people using a bow and arrow.
Police in Konsberg, about 100 miles[0 km]west of the capital, Oslo, said the “assessment was based on whether it was a terrorist attack” after it was confirmed that several people had been killed and many more injured. Who has been arrested.
Highlighting the gravity of the situation, Norwegian police issued a temporary order for officers to carry weapons after the attack on Wednesday evening.
Police declined to give further details or speculate on the motive but confirmed that there had been a clash between the attackers and officers after the suspect initially fled. “We keep it open, it could be a terrorist attack,” local police chief Obind As told an emergency news conference.
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What to see in Asia today
China’s monthly consumer price index and inflation figures The figures will be released today after the IMF warned the world earlier this week about the need to be “very, very cautious” about the risk of rising inflation. The country is struggling with rising coal costs.
Earnings of US Bank Citigroup, Bank of America, Morgan Stanley and Wells Fargo reported third-quarter results today. JPMorgan Chase yesterday cut Wall Street Bank’s earnings to a profit driven by a dealmaking boom, but warned that spending would continue to rise and demand for new loans would remain sluggish.
U.S. stock and bond inflation data and the Fed’s taper plan shut down
Wall Street stocks and bonds rose on Wednesday after the Federal Reserve released data to confirm inflation mingling and more details about plans to facilitate asset purchases.
Headline U.S. consumer prices rose 5.4 percent year-over-year in September, marking an annual increase of 5 percent or more for the fifth consecutive month. The figure was slightly ahead of most economists’ forecasts, but US stocks did not have an immediate impact as investors spent most of the past few weeks looking for potential growth.
Continued inflation has boosted confidence that the US Federal Reserve will begin reducing its epidemic-era stimulus measures early next month. The minutes of the latest meeting of the Federal Open Market Committee provided further support on Wednesday, showing that there is a growing sensation among top officials to start tapping “soon”.
The prospect has hit the stock market in recent weeks, but the Blue-chip S&P 500 rose 0.3 percent on Wednesday, already down nearly 4 percent from a record high in early September. The tech-heavy Nasdaq Composite Index rose 0.7 percent. In Europe, regional stocks closed 600 and 0.7 percent higher.
The value of the 10-year Treasury note, which declines as prices rise, slipped for the second day in a row after reaching a four-month high at the start of the week. It fell 0.04 percentage points to 1.54 percent.
Read more about Wednesday trading Here.