The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…
Renters Rights Bill 2025: What Every UK Landlord Needs to Know

The Renters Rights Bill is shaking up the UK’s private rental market in a big way. Whether you’re a landlord or a tenant, big changes are ahead. With Royal Assent expected this summer, it’s time to get clued up on what the future of renting looks like. Spoiler: fixed-term tenancies are out, and so are surprise rent hikes. Bye-Bye Section 21: No More ‘No-Fault’ Evictions Perhaps the biggest headline-grabber is the abolition of Section 21 evictions. Landlords will no longer be able to evict tenants without a valid reason. Instead, they’ll need to cite legitimate grounds, like wishing to sell Continue Reading…
How landlords can prepare for the Renters Rights Bill

The UK rental landscape is shifting. The Renters Rights Bill is expected to come into effect this year. It will bring sweeping changes to tenancy laws in the UK. With both fixed-term tenancies and Section 21 evictions on the chopping block as well as a host of other measures, landlords need to start preparing now to stay ahead. Here’s a practical breakdown of what landlords need to know about rent reforms — and more importantly, what they should do about them. 1. Reboot Your Tenancy Agreements Say goodbye to fixed terms. The Renters Rights Bill favours periodic tenancies, which offer Continue Reading…
Protect Your Gear: Essential Tips to Stop Hand Tool Theft

Tool theft isn’t just frustrating, it directly impacts your livelihood. With tool theft on the rise, protecting your equipment is crucial for any tradesperson. In fact, in 2023 alone, tool theft cost UK tradespeople approximately £98 million, with an incident occurring every 12 minutes! This alarming trend highlights why investing in effective tool security solutions, such as the CESAR Scheme, is more critical than ever. Understanding the Risks Small hand tools, portable power tools, and surveying equipment are particularly attractive to thieves. Surprisingly, 55% of tool thefts occur from vans, often parked overnight at homes or unsecured car parks. This Continue Reading…
New Tax Rules for Buy-to-Let Landlords in 2026 Explained

Big changes are coming for UK landlords. From April 2026, HMRC is rolling out new digital tax reporting rules as part of its Making Tax Digital (MTD) initiative. If you’re a buy-to-let landlord, it’s time to get familiar with what’s ahead. Let’s explain everything you need to know, from income thresholds to the best MTD-compatible software. What’s Changing for Landlords Tax in 2026? From April 2026, landlords with an annual gross rental income over £50,000 will need to adopt digital record-keeping and file quarterly updates through MTD-compatible software. The threshold drops to £30,000 in April 2027 and further to £20,000 Continue Reading…
Navigating the UK’s New Consumer Protection Rules for SMEs

On 6 April 2025, the UK’s consumer protection landscape changed significantly with the introduction of new consumer protection rules—the Digital Markets, Competition and Consumers Act. While the media spotlight may focus on larger corporations, SMEs must be equally vigilant. Ignoring these new rules could expose your business to hefty penalties, especially for those operating digitally. Let’s dive into what you need to know to avoid violating these regulations. Why SMEs Should Care About CMA Regulations You might wonder, “Why should my small business worry about these rules?” Well, the Competition and Markets Authority (CMA) now has stronger enforcement powers, and Continue Reading…
The Future of Electric Trucks: What’s Holding Back UK Adoption?

With the UK government’s diesel ban set for 2040, many businesses and fleet operators are facing a pressing question: are electric trucks really ready for widespread adoption? While electric HGVs hold significant promise, especially when it comes to environmental impact and driver comfort, the transition hasn’t exactly been smooth. Electric Trucks: A Quiet Revolution on Wheels If you’ve ever stood near a traditional diesel lorry, the noise and exhaust fumes can be pretty overwhelming. Contrast that with the sleek and virtually silent experience of some electric trucks, and you’ll quickly understand why drivers are increasingly won over by the electric Continue Reading…
What to Check Before Buying a Trade Vehicle

What to check before buying a vehicle trade? Motor traders know that in the current financial climate, they need their wits about them more than ever. According to recent surveys from The Motor Ombudsman and Uswitch, many motorists are typically putting off critical vehicle maintenance. This is likely due to the cost of living crisis. Experienced motor traders can’t afford to rest on their laurels. Ensuring a car is mechanically sound before parting with hard-earned cash is essential. A simple oversight can cost you thousands of pounds. The thrill of finding a bargain can quickly fade if hidden faults surface Continue Reading…
Motorists Strike Back: Lambeth Council’s Unlawful LTN Scheme

When Lambeth Council rolled out its controversial Low Traffic Neighbourhood (LTN) scheme in West Dulwich last year, they probably didn’t expect such fierce community pushback—or a high-profile judicial slap-down. But that’s precisely what happened. The recent judicial review ruling has declared Lambeth Council’s implementation of the West Dulwich Low Traffic Neighbourhood unlawful, accusing the council of a “serious failing” by ignoring the genuine concerns raised by local residents. For Londoners frustrated by similar schemes, this decision could signal a shift in power back to the communities affected. What Went Wrong in West Dulwich? Despite facing a substantial local backlash—67.5% of Continue Reading…
Interest Rate Cuts: Reviving the UK Housing Market in 2025

The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage rates typically mirror the Bank of England’s base rate movements. With this recent reduction, lenders are expected to follow suit by offering cheaper loans. Lower mortgage rates don’t just mean more affordable repayments—they significantly expand the pool of potential buyers. According to Zoopla, a relaxation Continue Reading…
Home Office Migrants Crisis: Government Appeals to Landlords

The ongoing Channel migrant crisis has reached unprecedented levels in 2025, prompting the Home Office to appeal to landlords nationwide. As of April, more than 8,064 migrants have crossed the English Channel in small boats, highlighting the severe housing shortages facing the UK government. Why Landlords Are Being Called Upon The situation has escalated significantly, with a record-breaking 656 arrivals in just a single day on April 12. Through its private contractor Serco, the government is actively seeking cooperation from landlords, investors, and letting agents, particularly those based in the Midlands, North West, and East of England. They are being Continue Reading…
UK House Prices: Inflation Slows as Supply Meets Demand in 2025

House price inflation in the UK has started to slow, hitting 1.8% in February 2025, reflecting the shifting dynamics of the property market. After a strong recovery period, the growth in available homes for sale is now overtaking the rise in agreed sales, shaping a distinctly different market compared to recent months. Buyers Gain the Upper Hand Sales agreed are still up 5% compared to a year ago, signalling strong underlying demand. However, with 11% more homes available than last year, prospective buyers now have greater choice. This increase in supply, notably during the busy spring selling period, means buyers Continue Reading…
Used Car Sales Accelerate: Fastest Selling Cars in the UK 2025 Revealed

The UK car market is racing ahead, with used cars selling faster than ever. According to the latest Auto Trader used car market report, vehicles are averaging just 25 days on sale — impressively setting a record pace for 2025. Hybrid SUVs Leading the Pack What are the most popular types of car in the UK? Currently, the fastest-selling used cars in the UK in 2025 are dominated by nearly new petrol-hybrid SUVs. Taking pole position is the Vauxhall Grandland, with under-one-year-old models finding new owners in an astonishing 7.5 days. Hot on its heels is the equally sought-after Mercedes-Benz Continue Reading…
Cazoo Relaunch: Motors’ Bold Move to Challenge Auto Trader

The landscape of online used car sales in the UK is shifting gears as Motors marketplace announces its strategic relaunch of Cazoo as its flagship brand. Aiming squarely at market leader Auto Trader, Motors relaunches Cazoo as a used car marketplace designed to redefine the car buying experience for both dealers and customers. Why the Cazoo Relaunch is Big News Launched initially as a high-profile disruptor, Cazoo hit a few bumps, eventually entering administration in May 2024. Motors acquired Cazoo shortly thereafter, betting on its significant brand recognition—built through aggressive TV advertising, digital marketing, and prominent sports sponsorships, including partnerships Continue Reading…
Fleet Insurance Guide: Cost, Coverage Options, and Savings Tips

Your fleet insurance should provide a single streamlined policy to cover all your vehicles. It’s an essential solution for businesses managing multiple vehicles. This fleet insurance guide provides valuable tips to help you select the best fleet insurance provider for your needs. It also explores cover options, cost considerations and key benefits. Whether your business operates just a few vehicles or manages an extensive mixed fleet, understanding fleet insurance can significantly enhance your operational efficiency. What is Fleet Insurance? Fleet insurance is specifically tailored for businesses managing three or more vehicles, enabling all vehicles to be covered under one comprehensive Continue Reading…
February’s Used Car Market Trends: Tesla Price Drop

If you’ve been eyeing a used Tesla, there’s good news: prices are dropping faster than expected. February 2025 saw Tesla models dominating the UK’s biggest used car price reductions, according to a recent Market View analysis by Motors. With significant month-on-month declines, Tesla’s affordability has notably improved—but the reasons behind these drops might surprise you. Tesla Model 3 Leads the EV Price Trend Used Tesla prices took a noticeable hit in February, particularly the Tesla Model 3. Prices for models aged three to four years fell by 5.4%, averaging £20,859, while older versions (four to five years) dropped 4.2% to Continue Reading…
Supreme Court Blocks Treasury in Car Finance Scandal

The UK’s motor finance industry faces continued uncertainty following the Supreme Court’s recent decision to block a Treasury attempt to intervene in an ongoing car finance scandal against MotoNovo Finance and Close Brothers. The decision signals potential financial consequences running into billions, impacting both lenders and borrowers alike. Supreme Court Rejects Treasury Intervention The UK’s highest court refused the Treasury’s application to intervene in the landmark case surrounding undisclosed commission payments on car loans. The government’s involvement had been widely anticipated as a positive signal for lenders, potentially reducing the billions in compensation claims facing the industry. However, the rejection Continue Reading…
Electric Taxi Grant 2025: Significant Savings for UK Cabbies

The UK electric taxi grant 2025 has been confirmed. The government announced an impressive £120 million investment to support taxi drivers, businesses, and van operators across Britain in adopting electric vehicles. Now could be the ideal time for drivers and businesses to embrace electric vehicles (EVs), benefiting from considerable financial savings and contributing to environmental sustainability. Extended Financial Support Future of Roads Minister Lilian Greenwood has confirmed that the Plug-in Grant will continue through 2025 as part of a broader initiative to encourage cleaner transportation. Businesses and drivers can receive grants of up to £2,500 when purchasing small vans weighing Continue Reading…
Plan Insurance Brokers Wins National Insurance Award 2025

We’re thrilled to announce that Plan Insurance Brokers has been honoured as Commercial Lines Broker of the Year 2025 at the prestigious National Insurance Awards. The event took place on March 6th at London’s Marriott Hotel in Grosvenor Square and was hosted by comedian Marcus Brigstocke. A Legacy of Excellence Our success hasn’t come overnight. It’s built on trust, professional expertise, and our steadfast commitment to putting people first. Since strategically shifting our focus towards commercial insurance in 2015, Plan Insurance Brokers has rapidly grown, establishing specialist expertise across many product lines including: construction, motor trade, fleet, and property. Leading Continue Reading…
UK Housing Market Forecast 2025: Buyer Demand Dips

The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global Concerns One of the key reasons for this hesitation among buyers is the stubbornly high interest rates, compounded by inflation and ongoing global trade tensions. These issues have naturally made buyers cautious, questioning the affordability and stability of taking on new mortgages. Additionally, looming changes Continue Reading…
Amazon Contractor Insurance Solution

The 2020 lockdowns resulted in a boom in delivery work as consumers were forced to stay at home and order online. Now, in 2025, other factors continue to contribute. The increased demand continues to grow, as the coronavirus crisis only accelerated the trend of shoppers shunning the high street and browsing the web instead. Many aspiring courier firms are seeing this as an excellent business opportunity. The entrepreneurial amongst them, with a fleet of vehicles, are securing contracts with online retail giants such as Amazon and large logistics companies in the form of; Evri(Hermes), TNT, Yodel and more… What Motor Continue Reading…
Why Chinese EVs Are Charging Ahead

If you want a sneak peek at how tomorrow’s roads will look, cast your eyes towards China. Over the past few years, Chinese EVs have been pushing boundaries and delighting drivers around the world with their innovative features and forward-thinking designs. No longer just about cheaper price tags, these cars embody cutting-edge Chinese EV innovations and showcase the direction of Future Mobility. From rotating touchscreens and rocket ship-inspired gear selectors to minimalist dashboards that belong in a sci-fi film, the latest generation of EV Technology from China is truly redefining what it means to drive in the 21st century. Fascinating Continue Reading…
Renters Rights Bill: Key Reforms Every Landlord Must Know

The landlords market has been fretting about the latest legislative developments after the Renters’ Rights Bill reached its final reading in the House of Commons. These rental reforms are considered the biggest shake-up to the private rental sector in decades. Lawmakers say the goal is to protect tenants from unfair practices. At the same time, property owners fear a power imbalance that will ultimately lead to a landlord exodus. If you’re wondering how the Renters’ Rights Bill impacts landlords, here’s a closer look at some of the changes introduced in the House of Commons and what they might mean for Continue Reading…
UK Used Car Market Trends for 2025: A Record Start

You might have noticed that researching second-hand motor prices has felt a bit different lately. Prices aren’t plummeting, new deals keep popping up, and everyone seems to be talking about the booming used car market. According to recent data from Cap HPI, used car prices remain remarkably stable, thanks to limited stock and a surprisingly high demand. In this article, we’ll explore current used car market trends, highlight the factors influencing used car prices in 2025, and see why buyers and traders are feeling fairly optimistic about the months ahead. A Record Start for 2025 Despite broader economic concerns, early Continue Reading…
How New Digital Driving Licences Could Transform Daily Life

Imagine breezing through a supermarket self-checkout to buy a bottle of wine without waiting for a supervisor or hopping on a domestic flight without scrambling to find your physical licence. These scenarios may soon be a reality, thanks to the introduction of digital driving licences in the UK. This forward-thinking initiative aims to bring driver identification firmly into the 21st century. For those of us in the insurance world, it also raises some intriguing possibilities for verifying driving history and ensuring our customers get the right coverage faster. How will it work? The government has confirmed that digital driving licences Continue Reading…
Lower Interest Rates: A Boost for the Housing Market in 2025

The Bank of England has caught many by surprise by trimming its base rate by 0.25%, bringing it down to 4.5%. This change came after a 7–2 vote by the Monetary Policy Committee, with two members leaning towards an even deeper 0.5% cut. Although the Bank of England strategy to control inflation through higher interest rates has been in the spotlight for over two years, the new rate might ease some pressure on borrowers and lend fresh optimism to the housing market. If you’re still scratching your head and asking, “What does a base rate cut mean for mortgages?” you’re Continue Reading…
Why is London’s Traffic The Worst in Europe?

If you’ve ever inched through London’s roadways at rush hour, it won’t surprise you to learn that the city has once again claimed the top spot in the Top Congested Cities in Europe Ranking (Source: INRIX). In fact, it’s the fourth year running that European Congestion data has placed London at number one. Drivers in the capital are losing an average of 101 hours per year to city congestion, which is a 2% increase from last year. That’s a hefty time investment no matter how you look at it. The financial figures paint an even clearer picture of London Traffic Continue Reading…
How to generate your Driving Licence Summary

Whenever you’re taking out a new insurance policy with Plan Insurance Brokers, you will be asked to provide a driving licence summary, which confirms any information regarding your driving convictions, something which all insurers require. This comes after changes were made by the DVLA in 2015, where they scrapped driving licences’ paper counterparts, instead putting all licence information on a secure online database. You can see your licence information here: https://www.gov.uk/view-driving-licence. How do I generate a driving licence summary? We’ve put together a step-by-step guide for you to follow: 1. Visit https://www.gov.uk/view-driving-licence – you will need your driving licence number Continue Reading…
Labour’s Plans for Taxi Regulation

The UK government’s Devolution White Paper could significantly change the taxi and private hire vehicle sector. These proposals aim to empower local authorities and Mayoral Strategic Authorities to regulate the industry more effectively, tackling issues like cross-border working and inconsistent standards. Why Change is Needed Taxi and private hire vehicles play an essential role in transport, particularly for vulnerable groups and those in areas underserved by public transport. However, concerns about out-of-area licensing and inconsistent enforcement have plagued the industry. Local authorities often struggle to address these issues due to fragmented licensing systems. Devolution and Licensing Reforms Under the proposed Continue Reading…
How to claim if you hit a pothole

Picture this: you’re driving down the road, perhaps enjoying your favourite playlist or podcast, when your car suddenly lurches. You hear a loud clunk, and your stomach drops as you realise you’ve hit a pothole. While you might be tempted to curse your luck (or the state of UK road maintenance), there’s a way to turn things around… Why Are Potholes a Problem in the UK? Blame our wonderful British weather. The freeze-thaw cycle caused by rain seeping into road cracks, freezing, and expanding leads to potholes. This natural process, combined with general vehicle wear and tear, explains why potholes Continue Reading…
Biggest Challenges Facing Motor Trade Garages in 2025

The motor repair industry is steering straight into a “perfect storm” of challenges in 2025. Rising operational costs, hesitant consumers, and a skilled labour shortage are creating a bumpy road ahead for independent garages and franchise workshops alike. According to the latest Motor Ombudsman survey, these pressures are driving significant uncertainty for repair businesses. Let’s have a look at the key issues, survey findings and how garages can navigate them. Rising Repair Costs It’s no surprise that escalating operational costs top the list of concerns for 89% of repairers, up from 75% last year. With energy prices rising after the Continue Reading…
UK LCV Market Growth: 2024’s Key Highlights

The light commercial vehicle (LCV) market in 2024 has given the UK fleet sector much to cheer about, with 351,834 new registrations marking a 3.0% growth. This achievement makes it the most successful year for LCV fleet renewal since 2021, according to the Society of Motor Manufacturers and Traders (SMMT). However, despite this growth, the challenges facing battery electric vans (BEVs) and the push toward net-zero targets remain a pressing concern. A Breakdown of LCV Market Trends in 2024 The LCV market saw robust demand across most weight classes, underscoring its resilience and critical role in the UK economy. Large Continue Reading…
How long does it take to sell your property in the UK?

Selling a property can be a strategic move, especially if you’re aiming to liquefy an asset and realise the capital gains since you purchased it. But one question looms large: how long does it take to sell a property in the UK, from listing to completion? This timeline is crucial for landlords planning budgets and forecasting cash flow. The Timeline: From Listing to Completion Data indicates that the average property sale in the UK takes around 25 weeks (185 days) from when it’s first listed to when the keys are handed over. While homes go under offer in about 38 Continue Reading…
Property Underinsurance: A Serious Concern

Picture this: you own a property, pay your insurance premiums diligently, and sleep soundly knowing your building is covered. But what if I told you that 76% of UK properties are underinsured? That’s more than three-quarters of buildings potentially leaving their owners in for a rude awakening should disaster strike. Despite recent improvements, this figure is a six-year low, it remains unacceptably high. Why is underinsurance so common? The gap between insured values and true rebuild costs has been widening for years, primarily due to construction inflation. Rising costs of materials and labour mean the price of rebuilding after a Continue Reading…
Ending 10 Years of Black Cab Insurance Services

After a decade of working closely with black cab drivers, we’re sad to announce that we can no longer offer black cab insurance. Unfortunately, the decision has been taken out of our hands. A change of strategy by our insurance provider has left us without the necessary support to continue these policies. If you’re an existing policyholder, don’t panic – your current cover will remain active until the end of your policy term. We’ll still be here to offer assistance and guidance until then. A Proud History For the past 10 years, we’ve been privileged to work alongside the trade. Continue Reading…
UK Rental Market Trends as Inflation Slows

UK rent inflation is beginning to ease. Over the past 12 months, rents increased by 3.9%, marking the slowest annual growth since August 2021. While rents remain high, the pace of increase has tempered significantly compared to the staggering 12% annual growth seen at its peak in 2022. UK Rent Trends For Landlords The average cost of renting in the UK now stands at £1,270 per month. Over the past four years, rents have soared by 27%, leaving the average tenant paying £3,240 more annually compared to 2021. Meanwhile, earnings have only grown by 19%, further straining household budgets. Although Continue Reading…
Britain gears up to relax EV sales rules

The UK car industry is at a crossroads. With ambitious zero-emission vehicle (ZEV) mandates putting carmakers under immense pressure, the government is now reconsidering its approach. Could we soon see a return of EV purchase subsidies to help UK car traders shift more vehicles or even a reform of the strict EV sales quotas? Let’s dive into what this means for the future of British car manufacturing and your next car purchase. The Pressure of EV Sales Quotas In 2023, the UK’s ZEV mandate introduced bold targets: 22% of car sales and 10% of van sales must be electric. Failure Continue Reading…
Landlords Buy More Despite Stamp Duty Rise

When the government announced a rise in the stamp duty surcharge for landlords and second-home buyers, many predicted a mass exodus of buy-to-let investors. Cue dramatic headlines forecasting doom for the UK housing market and a bleak future for tenants searching for affordable rental homes. But has this actually happened? Not quite. Despite a hefty tax hike, landlords are proving tougher than expected, and new data suggests they’re far from throwing in the towel. What’s Changed with Stamp Duty? Let’s start with the numbers. From 31 October, the surcharge landlords pay when buying additional properties went up from 3% to Continue Reading…
How Uber’s Insurance Policies Are Squeezing Their London Drivers

For many London private hire drivers in the UK, the restrictions of Uber’s Instadoc system may have added an extra hurdle to their already demanding jobs. Introduced in January 2022, Uber’s restricted panel of approved insurance suppliers has been controversial. It forces drivers in London to select policies from a limited group of eight insurers. While this system was designed to improve safety and compliance, the reality for a number of drivers has been rising premiums, reduced choice, and mounting frustration. The Costs of Compliance Private hire drivers across London have voiced their concerns, with some reporting insurance premiums that Continue Reading…
Christmas and New Year Opening Times 2024

Wishing all our clients and supporters a Merry Christmas and a Happy New Year! As we close the chapter on 2024, a year marked by its challenges and achievements, we celebrate the resilience and strength that have shaped the past twelve months. The team at Plan wishes everyone a joyful and safe Christmas. As we welcome 2025, we hope it brings renewed stability and positivity to the world. A heartfelt thank you to our loyal clients – your unwavering support has been a true source of strength during challenging times. Below, you’ll find our Christmas opening hours, ensuring that our Continue Reading…
5 Reasons Why You Need Fleet Telematics

The Little Black Box Revolution As a fleet manager, you don’t get much time to sit with your drivers and assess their behaviour behind the wheel… Enters telematics, a revolutionary technology costing less than a few hundred pounds, but recording all the data you could wish for – and more! Here is our guide to fleet telematics and how you can best benefit from it for your fleet. Although telematics has been out for a little while now, it has in the past couple of years turned into a complete data system used to gain insights on driver behaviour and Continue Reading…
Bolt Employee Status Ruling – Threat to Gig Economy?

In a landmark decision on the gig economy front, thousands of Bolt drivers in the UK have won a legal battle granting them worker status. This employee rights status ruling means drivers previously classified as independent contractors now have employee rights to holiday pay, a guaranteed minimum wage, and potentially substantial compensation. It’s a win that could cost Bolt over £200 million, but more than that, it sets a new precedent that has ripple effects across the UK’s gig economy. The Ruling: Bolt Drivers Are Workers, Not Contractors The employment tribunal found that Bolt’s drivers are workers under UK law. Continue Reading…
Protecting Your Business in a Digital World

October marked Cybersecurity Awareness Month 2024, a global initiative to promote online safety and educate individuals and businesses on the importance of protecting sensitive information. In today’s increasingly digital world, cyber threats are evolving, and so should our approaches to handling them. Whether you’re a large corporation or a small business, cybersecurity should be a top priority for everyone. Why Cybersecurity Matters Cyber attacks have become more sophisticated, and the consequences are more damaging than ever. Cybercriminals constantly find new ways to exploit vulnerabilities, from ransomware attacks to phishing schemes. A data breach can lead to significant financial losses, reputational Continue Reading…
Motor Finance Scandal Unfolds

The world of car loans just took a serious turn with a major Court of Appeal ruling against lenders MotoNovo Finance and Close Brothers. The case centred around “secret” commission payments on motor finance deals, has the potential to reshape the industry, and has understandably left consumers and lenders alike wondering what happens next. The Basics of the Motor Finance Scandal The spotlight has been on the car finance industry for some time, with the Financial Conduct Authority (FCA) launching an investigation in January 2023 into commission structures. Why? Rising consumer complaints flagged questionable practices in how lenders compensated brokers Continue Reading…
Uber’s Plans to Become a ‘Super App’ with Expedia Acquisition

Uber has come a long way since its early days as a simple ride-hailing app. Today, it’s exploring a significant move: a potential acquisition of the $20 billion travel-booking giant Expedia. This could be Uber’s largest deal ever as it aims to expand beyond transport and food delivery into the world of travel. Such a bold move is Uber’s latest effort to become a ‘super app,’ like China’s WeChat, offering everything from booking taxis to flights in one place. But what’s in it for Uber – and what could this mean for travel and tech in general? Why the Expedia Continue Reading…
Autumn Budget Summary for Landlords

The Labour Government’s 2024 Autumn Budget brings a host of new tax measures aimed primarily at second homeowners, buy-to-let landlords, holiday lettings, and employers. These changes are designed to realign tax rates and incentivise primary home ownership while also putting employers on notice to prepare for increased costs in the coming years. For property owners and businesses alike, understanding these new measures is essential. Here’s what you need to know and what steps you might consider. Capital Gains Tax: Increased Rates for 2024 The new Capital Gains Tax (CGT) rates have increased to 18% for basic-rate taxpayers and 24% for Continue Reading…
How Landlords Can Manage Lithium-Ion Battery Risks

With e-bikes, e-scooters, and electric vehicles (EVs) rising, lithium-ion batteries have become a mainstay in many properties. While these batteries power the “green movement” they also come with a notable fire risk. As a landlord, you are responsible for keeping your tenants safe and your property compliant with fire safety regulations. Why Lithium-Ion Batteries Are a Fire Hazard Lithium-ion batteries have a reputation for efficiency and high energy storage. Still, they’re sensitive to overheating, damage, and poor charging practices. When something goes wrong, they can enter a “thermal runaway” – a chain reaction that can lead to extreme overheating, fire, Continue Reading…
Dieselgate’s Back: More Defeat Devices and Potential Car Recalls

Nearly a decade after Volkswagen’s “dieselgate” scandal rocked the automotive industry, a new wave of scrutiny is sweeping across multiple car manufacturers. The UK government’s Department for Transport (DfT) has launched an investigation into “defeat devices” suspected of hiding the true emissions of 47 car models from 11 manufacturers. As concerns mount, UK drivers could face vehicle recalls, health consequences, and may even be eligible for potential compensation. What Are Defeat Devices and Why Are They Problematic? Defeat devices are software features or components that lower emissions during tests but allow vehicles to release higher pollutants during everyday driving. Volkswagen’s Continue Reading…
Tesla Cybercab Robotaxi Revealed

What the Tesla Cybercab Means for the Future of Autonomous Vehicles Tesla recently unveiled its new robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. With a design that throws traditional driving controls like pedals and a steering wheel out the window, the futuristic two-seater was showcased by CEO Elon Musk as a vision of the next phase in Tesla’s strategy. Yet, despite Musk’s enthusiasm, the initial investor response could have been better, with Tesla shares falling by over 8% after the announcement. It reads as a lack of confidence in the ambitious timeline, the projected price of Continue Reading…
The Impact of Potential CGT Increases for Landlords

Recent reports indicate potential hikes in Capital Gains Tax (CGT), which could significantly hit UK landlords. The Labour Party has suggested raising CGT rates to align with income tax rates, which could mean a jump from 18%-24% to as high as 40% for higher earners. For landlords, this change could severely erode their profits, especially when considering inflation. Understanding the CGT Impact For a typical landlord, selling a property they’ve held for 11 years might yield around £103,640 in gross gains. However, after factoring in inflation over the past decade, estimated at 40%, the real world value of that gain Continue Reading…
Thousands of False ULEZ Fines for Cabbies

London’s black cab drivers were in for a shock recently when they received penalty charge notices (PCNs) for ULEZ and Congestion Charge fees, charges from which they are typically exempt. This widespread error, affecting thousands of drivers, has since been attributed to an IT glitch at Transport for London (TfL), sparking frustration and confusion among the taxi community. What Happened? On October 12, cab drivers across London began reporting fines for not paying ULEZ and Congestion Charge fees despite their exemption as licensed taxis. The Licensed Taxi Drivers’ Association (LTDA), which represents these drivers, reported receiving hundreds of calls from Continue Reading…
October 2024 Used Car Market Trends

As we move through October 2024, the UK used car market has held its ground, even as values experienced a modest dip. The latest data from Cap HPI shows that used car prices have fallen by only 0.5% in the first part of October, with projections indicating a total decrease of about 1% by the end of the month. In comparison, October 2023 saw a sharper fall of 4.2%, signalling a much more stable market this year. Stable Demand Amid Supply Changes One key factor keeping the market steady is the supply-demand balance. Despite an increase in vehicle availability since Continue Reading…
Uber Partners on Driverless Cars

A world where driverless cars dominate the roads has come one step closer to reality, following a ground-breaking partnership between Uber and British AI start-up Wayve. With the power of artificial intelligence and innovative technology, this collaboration aims to accelerate the development of autonomous vehicles, paving the way for safer, smarter, and more efficient driving experiences. But what does this partnership mean for the future of mobility? And how will it impact the insurance industry? Let’s dive into the details. What is the Uber-Wayve Partnership All About? Uber has teamed up with Wayve, a leader in AI software for autonomous Continue Reading…
Big Changes for Landlords & Renters in 2024

The rental market in the UK is about to experience some seismic shifts. With the Renters’ Rights Bill making its way through Parliament, tenants and landlords alike will need to prepare for what promises to be the most significant change to the sector in over three decades. What is the Renters’ Rights Bill? The Renters’ Rights Bill, proposed by the Labour government, aims to update private rental laws and may level the playing field between landlords and tenants. It’s a response to Conservative rental reforms that never saw the light of day before the general election. One of the key Continue Reading…
Why Used Car Prices Sales are up in August 2024

The used car market in the UK is known for its fluctuations, but this August, something unusual happened. Despite the seasonal dip that typically follows summer’s peak, used car prices defied expectations. Why are Used Car Prices Performing Well in August 2024? Traditionally, the used car market slows down in August. Families head off on holiday, the weather brightens, and the demand for vehicles generally cools. However, this year has slightly flipped that narrative. Prices for used cars performed better than expected, with a marginal month-on-month decline of just -0.1%. Petrol cars remain in high demand, as supply has contracted Continue Reading…
UK House Prices in 2024: What Zoopla’s Data Reveals

The UK housing market is one of those topics that never entirely goes away. Whether you’re a homeowner, a first-time buyer, or a landlord, everyone seems to have an eye on house prices. In 2024, the story is no different, and thanks to the latest data from Zoopla’s House Price Index, we’ve got some intriguing insights into where the market is headed. What’s the Current Situation with UK House Prices? According to Zoopla’s latest data, the average UK property price remains resilient despite ongoing economic uncertainties. While the boom years of skyrocketing growth may be behind us, house prices are Continue Reading…
FCA Review: What Could Happen with Car Loan Commissions?

The motor finance industry has come under intense scrutiny in recent years, and the latest review by the Financial Conduct Authority (FCA) aims to clarify historic car loan commission practices. With FCA Chief Executive Nikhil Rathi at the helm, the investigation reveals issues regarding how car loans were incentivised and whether consumers were treated fairly. This review could have significant implications for anyone who has taken out a car loan in the past. What’s the FCA Reviewing? The FCA is focusing on how motor finance companies used discretionary commission arrangements before they were banned in January 2021. These commissions allowed Continue Reading…
The Threat of Underinsurance, Re-evaluating Rebuild Values for Property Owners

Increased construction costs due to a higher than expected level of inflation might only seem to be an issue if you have a building project in mind. However, it’s worth noting that inflation can also have a serious knock-on effect to your property-owners and landlords’ insurance. Here we explain in detail how and why landlords should review their declared rebuild values. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. How does underinsurance present a risk to landlords? Continue Reading…
Martyn’s Law: What It Means for Public Safety and Your Business

In a world where the threat of terrorism is an unfortunate reality, ensuring public safety has never been more critical. Hence, Martyn’s Law, a piece of UK legislation that is set to change how businesses, venues, and event organisers think about security. But what exactly is Martyn’s Law, and what does it mean for your business? Let’s break it down. Named in honour of Martyn Hett, a victim of the Manchester Arena bombing in 2017, this law is more than just a regulatory requirement it’s a proactive and necessary step towards a safer society. The Origins of Martyn’s Law Martyn Continue Reading…
Competition Heats Up for Buy-to-Let Mortgages

A Summary of the Mortgage Market Trends for Landlords Increased competition in the buy-to-let (B2L) mortgage market is lowering rates, with many lenders operating deep into their loan-to-value reserves. Some of the major movers making waves include The Mortgage Works, Accord Mortgages, and Molo Finance. Here’s a quick summary of some recent trends and what they mean for landlords. Competitive Mortgage Deals The fact is that over recent months, the B2L mortgage market has gradually been witnessing a far more competitive environment among lenders in their bid to offer the most attractive deals. Providers, including The Mortgage Works, Accord Mortgages, Continue Reading…
Geely Invests Another £120m into LEVC

A boost for the future of the black cab trade as Geely announced a fresh investment of £120 million in the London Electric Vehicle Company (LEVC), which underscores its commitment to the UK’s iconic black cab industry. This latest capital injection is not just a financial boost; it’s hopefully a powerful statement of confidence in LEVC’s future and vital role in the black cab trade. Reassurance for the Black Cab Industry The black cab trade, a cornerstone of London’s transport network, relies heavily on the vehicles produced by LEVC. With this new investment, Geely is ensuring that LEVC has the Continue Reading…
Getting Business Interruption Insurance Right – Essential Insights

Business interruption insurance is designed to cover the loss of income a business suffers after a disaster. This type of insurance differs significantly from many forms of insurance because it is not only about covering physical damage but also about the financial impact of business interruption. Companies can often run into problems with their business interruption claims after an incident due to misunderstandings regarding their cover. Policy wordings should clearly set out calculation methods for sums insured and exclusions to avoid issues. Yet, these explanations might not have finer points and considerations. In this article we explore some of the Continue Reading…
Private Hire Driver Numbers Continue to Rise

In recent years, England and Wales’s private hire vehicle (PHV) sector has experienced significant changes, with the number of drivers steadily increasing. The latest taxi and private hire vehicle statistics for England and Wales reveal fascinating insights into these trends, highlighting both the growth in private hire driver numbers and some ongoing concerns, particularly in London. A Closer Look at the Numbers: Growth in Private Hire Drivers The latest taxi and PHV licensing trends in England for 2024 indicate a marked rise in the number of private hire drivers, consistent with trends seen in previous years. Chart 1: Total licensed Continue Reading…
Uber Fined £245M by Dutch Regulator for GDPR Breach

In a significant ruling that has caught the attention of businesses and regulators alike, Uber has been slapped with a record-breaking £245 million fine by the Dutch Data Protection Authority (DPA) for violating the General Data Protection Regulation (GDPR). The penalty underscores the increasing scrutiny that European regulators are applying to US tech giants, particularly regarding how they handle sensitive personal data. Uber’s GDPR Violation: What Happened? The DPA’s investigation found that Uber had been transferring sensitive personal information about its European drivers to its US headquarters without implementing the safeguards required by GDPR. Over more than two years, Uber Continue Reading…
EV Second-Hand Market Surges: August 2024

The UK’s electric vehicle (EV) market is buzzing, and it’s not just about the shiny new models rolling off production lines. The second-hand car market, often overlooked, is where the real action is happening. Reports from the Society of Motor Manufacturers and Traders (SMMT) and Cap HPI reveal a significant uptick in the popularity of used EVs. Used electric vehicle sales increased by 52.6% between April and June. So, what’s fueling this trend, and what does it mean for the average driver? Why Used EVs are Flying Off the Forecourts Let’s start with the obvious: we’re all more eco-conscious these Continue Reading…
How to Seamlessly Switch Your Commercial Insurance Provider

Switching commercial insurance providers can be a strategic move to improve coverage and reduce costs. Whether driven by poor customer service, high premiums, or evolving business needs, understanding the process can ensure a smooth transition without jeopardising your coverage. Preparing for the Switch Review Your Current Policy: To determine your insurance needs, first review your current coverage, exclusions, and limitations. This information can be found in your policy schedule or wording. Provide these documents to alternative brokers or suppliers so they can thoroughly review them before offering you new terms. This process helps ensure that they fully understand your existing Continue Reading…
How to change Fleet Insurer

Plan Insurance Brokers list the simple steps required to swap fleet insurer. The process is surprisingly simple and could generate significant savings
Should Landlords Fear Labour?

The landscape for landlords in the UK has already experienced significant challenges in recent times. This article explores the current challenges for landlords and what the general election result might mean for the future of the rental property market. Many landlords have left the rental market in recent years. Higher property taxes, stricter rent regulations, and economic pressures influencing their decision-making. With the new Labour administration taking over the reins of government, will the UK’s landlords have more to worry about? Rising Property Taxes and Financial Pressures Higher interest rates have put considerable pressure on landlords. The Bank of England’s Continue Reading…
Property Prices and Interest Rate Outlook

In recent months, UK house prices have experienced a noticeable uptick, capturing the attention of homeowners, potential buyers, and investors alike. This surge reflects various economic and market trends that influence property values. In this blog post, we will delve into the latest developments in the property market, explore the impact of mortgage rates on housing, and provide a forecast for the remainder of 2024. Current Property Value Updates and Trends The UK housing market is currently experiencing significant fluctuations. According to recent reports, there has been a notable price increase in several regions, driven by high housing demand and Continue Reading…
Uber VAT Battle Update: What It Means for the Taxi Industry

The Court of Appeal has overturned a High Court ruling concerning VAT obligations on taxi fares for private hire vehicles (PHVs) outside London. This significant development impacts Uber and the entire UK taxi industry. Background of the Dispute In 2021, a court ruled that Uber drivers should be considered workers, subjecting their fares to VAT. This ruling extended to other private hire operators in England and Wales, threatening a 20% fare increase, which would significantly affect passengers and small taxi firms. Key Players and Legal Manoeuvrings After losing an initial challenge in London, Uber launched a landmark case against Sefton Continue Reading…
The Hidden Costs of Parking Apps

Digital technology and parking applications have changed the way paying for parking used to work and can be complex and time-consuming in some cases. While mobile parking solutions are very convenient, they also come with many extra charges, which may skyrocket the overall parking cost. Let’s find out how current parking apps charge drivers and what it means for them and general urban mobility. The Rise of Parking Apps Parking apps that have become extremely popular in most UK cities are RingGo, PayByPhone, and JustPark. These apps enable drivers to pay for parking using their smartphones instead of making cash Continue Reading…
Motors Snaps Up Cazoo

Motors has recently acquired the brand Cazoo, aiming to provide consumers with a fresh approach to searching for used cars. This strategic partnership aims to revitalise and enhance the Cazoo marketplace despite its recent financial challenges. Revamping the Cazoo Experience Motors plans to launch a new Cazoo app and website featuring over 250,000 used cars. This extensive inventory will offer car buyers a wide selection, improving their online search experience. Barry Judge, CEO of Motors, expressed optimism about the acquisition: “Despite its challenges as a business, Cazoo has undoubtedly become a household name with car buyers. We have the expertise Continue Reading…
Warehouse Fire Safety: Essential Measures and Best Practices

Warehouse fires can have devastating consequences, including the loss of valuable inventory, interruption of business operations, and significant financial losses. Implementing effective fire safety measures is crucial for mitigating these risks and ensuring the safety of personnel and property. This blog post will explore essential warehouse fire safety measures and best practices, focusing on risk management, fire protection systems, and prevention strategies. Understanding Warehouse Fire Risks Due to the large quantities of combustible materials they often store, warehouses are inherently prone to fire hazards. Understanding and managing these risks is the first step towards effective fire safety. Common Causes of Continue Reading…
The King’s Speech: UK Business Reforms

The King’s Speech on July 17th was part of the official State Opening of Parliament. Delivered by the monarch but provided by the new government, it laid out the government’s key legislative priorities for their upcoming term in power. The Labour government presented 40 bills in total. We have selected some of the most impactful for the UK’s business community. The Labour Party believes that the King’s Speech set the agenda for a transformative period in UK business. With a strong focus on reform, the speech outlined significant legislative initiatives aimed at fostering a robust and resilient economy. Key areas Continue Reading…
May 2024 Used Car Market Growth: Demand Drives Positive Trends

The used car market is experiencing a remarkable upswing, with demand driving growth across various vehicle types. Recent reports reveal a promising trend for used car values in May 2024, showcasing the market’s resilience and potential. Substantial Demand Fuels Value Increase Cap HPI’s recent insights indicate a robust demand for ex-fleet used cars, leading to a significant improvement in their values. Petrol cars saw an impressive value increase of 0.4%, or £135, reflecting strong buyer interest and market confidence. Diesel cars also experienced a positive trend with a value increase of 1.1%, or around £210, highlighting their continued appeal. If Continue Reading…
Pango Gets Gett: A Game-Changer for Urban Mobility

Pango, the leading Israeli transportation and parking solutions provider, has acquired Gett, the popular ride-hailing service, for $175 million in a move that could redefine urban mobility. This Pango Gett merger is poised to transform the urban transportation landscape, blending advanced parking solutions with efficient ride-hailing services. The Gett acquisition is a strategic win for Pango. Gett has built a strong footprint in the ride-hailing industry, despite some lingering hostility within the London cab trade. What Does the Pango Gett Merger Mean for Urban Mobility? For city dwellers, the merger brings several potential benefits. The Pango app is already favoured Continue Reading…
Driving into the future: Self-Driving Cars Set to Transform British Roads by 2026

Hold onto your seats because the future of transportation is arriving sooner than you think! The new Automated Vehicles Act will facilitate self-driving cars to grace British roads within the next two years. Let’s take a closer look at this groundbreaking legislation and what it means for the future of driving in the UK. The Automated Vehicles Act: Paving the Way for Driverless Cars The Automated Vehicles Act is a game-changer for British transportation. This legislation allows for the introduction of “level four” fully autonomous vehicles on the roads. These vehicles won’t require a “safety driver,” meaning motorists can sit Continue Reading…
Funding Boost for SME Decarbonisation: £1.8 Million to Innovate Freight

In a significant move to enhance sustainability and efficiency in the UK’s freight industry, the government has announced a £1.8 million funding boost to support small and medium-sized enterprises (SMEs). This initiative is part of the third year of the £7 million Freight Innovation Fund Accelerator, designed to foster technological advancements and reduce the carbon footprint of freight transport. Government’s Commitment to Sustainable Freight Roads Minister Guy Opperman highlighted the importance of this funding, which aligns with the government’s broader plan to grow the economy while promoting environmentally friendly practices. The Freight Innovation Fund encourages SMEs to develop and implement Continue Reading…
Understanding the Maintenance Costs of Period Properties and the Role of Insurance

Period properties, often built before 1919, are admired for their unique architectural features and historical charm. However, these charming homes come with a significant maintenance burden, with owners spending an average of £700 a month on upkeep. This monthly expense is almost equivalent to a small mortgage, highlighting the financial commitment required to maintain these properties. Common Maintenance Issues Owners of period properties frequently encounter various maintenance issues. Externally, the most common problems include roofing repairs, brickwork restoration, garden upkeep, external wall maintenance, and leaning chimneys. Internally, expenses often cover flooring repairs, bathroom renovations, electrical work, mould removal, insulation upgrades, Continue Reading…
Prime London Rental Market Faces Pressure Despite Some Growth

The rental market in prime London areas is experiencing significant challenges despite some positive trends. Recent data highlights this sector’s pressures as well as some encouraging aspects, offering a comprehensive view of its current state. Although a niche segment of the overall UK rental sector, demand for prime areas can often serve as an early indication regarding the outlook for the whole market. Trends spotted at the top of the pricing ladder may end up working their way down the steps to less costly rungs. Mixed Trends in Prime London Rentals In March 2024, average rents in prime central London Continue Reading…
3 Big Leaps Forward for UK Autonomous Vehicles

The race towards autonomous vehicles just got a turbo boost in the UK with significant investments, groundbreaking projects, and ambitious plans shaping the future of transportation. Let’s take a ride through the latest developments that are propelling us towards a driverless tomorrow. Investment in Wayve: Shaping the Future of Driving Wayve, a British driverless car company, has secured a monumental investment of over a billion dollars from tech giants SoftBank, Nvidia, and Microsoft. This massive funding injection aims to propel the commercialisation of Wayve’s revolutionary artificial intelligence software, designed to make any vehicle hands-free. Founded by Cambridge University PhD students Continue Reading…
Compulsory Speed Limiters On New Vehicles

Starting July 6, a new era of road safety is dawning in Britain as mandatory speed limiters become the norm in most new cars. No more fretting over speeding tickets or attending tedious speed awareness courses – your car will be your personal speed coach, ensuring you stay within the legal limits. Another Measure By The Nannie State or The Future of Safe Driving The intelligent speed assistance (ISA) system will be like having a friendly reminder onboard, nudging you to slow down if you’re exceeding the speed limit. Whether it’s a gentle beep, a subtle vibration of the steering Continue Reading…
London’s Black Cab Drivers Sue Uber For Millions

London’s iconic black cab drivers are gearing up for a legal battle against ride-hailing giant Uber, sparking a multimillion-pound lawsuit that could reshape the landscape of transportation in the UK capital. The dispute, set to unfold in the High Court, revolves around Uber’s alleged improper acquisition of a license from Transport for London (TfL) back in 2012, a move that black cab drivers claim unfairly diverted business away from them. With an estimated claim value soaring to a minimum of £250 million, approximately 10,500 black cab drivers could be in line for compensation of up to £25,000 each, according to Continue Reading…
Ground Rents Won’t Be Scrapped

In a bid to strike a balance between leaseholders’ rights and financial considerations, the Leasehold and Freehold Reform Bill is undergoing significant amendments, signalling a compromise between policymakers and stakeholders. While the initial aim to abolish ground rents entirely has been diluted, there are still notable victories for leaseholders in the proposed changes. Under the revised plan, leaseholders will continue to pay ground rent for up to 20 years, albeit at a capped rate of £250 annually. This compromise aims to alleviate the financial burden on leaseholders while also addressing concerns raised by the Treasury regarding potential losses for investors. Continue Reading…
Landlords Stick or Twist – Housing Market Robust

In the ever-evolving landscape of the housing market, landlords are facing crucial decisions which will be influenced by the outlook of the sector. As buyer confidence surges and home sales see a notable uptick, the dilemma of whether to hold onto property assets or explore new investment opportunities becomes paramount. Navigating the Current Housing Market – A Landlord’s Dilemma With a 12% increase in homes going under offer compared to last year, coupled with a 32% surge in mortgage approvals for home purchases, the housing market is demonstrating resilience and buoyancy. While house prices remain relatively static, the increased availability Continue Reading…
Property Management – Gas Safety at Your Residential Property

Poor gas safety can jeopardise the health of your residential property’s tenants, and it is your job to offer a safe interior environment. You must repair and maintain gas pipes and appliances as a landlord, perform an annual gas safety check, and keep gas safety records. Installing carbon monoxide detectors and developing an interior air quality management plan are two solid strategies to ensure that a tenant’s health is not jeopardised by gas. Additional Advice for 2024: Explore the integration of smart carbon monoxide detectors. These devices can provide real-time alerts to both landlords and tenants, enhancing safety through immediate Continue Reading…
Uber Settles Huge Lawsuit Down Under

Uber has reached a significant milestone in Australia, agreeing to a mammoth $178 million settlement in a lawsuit brought forth by taxi and hire car drivers. The legal battle, spearheaded by Maurice Blackburn Lawyers on behalf of over 8,000 drivers, marks one of the most successful actions against the ride-sharing giant to date. Principal Michael Donelly hailed the outcome as a victory for everyday Australians, emphasizing the collective effort that led to Uber’s concession after years of litigation. He asserted that the settlement ranks among the top five in Australian legal history. Plan Insurance can provide bespoke taxi insurance quotes Continue Reading…
Flexible Pension Scheme Launched for Bolt Private Hire Drivers

Bolt, one of the prominent players in the ride-hailing industry, is making a significant move to support its workforce. Starting from May 1, 2024, Bolt will roll out a pension scheme tailored specifically for its 65,000 registered private hire vehicle drivers across the UK. Partnering with Aviva, this initiative allows drivers to contribute 5% of their fees from each completed trip into their pension pot, with an additional 3% contribution from Bolt. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to Continue Reading…
ONS Reports Record Rent Rises Over Last 12 Month

The Office for National Statistics (ONS) recorded a staggering 9.2% surge in rental prices over the past year. This is the highest annual increase since the ONS started collating information nearly a decade ago. Although the is signalling a potential cool down in the near future. Here’s the scoop on the latest twists and turns: Buckle up, renters – the roller coaster ride in the UK rental market might be slowing down. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to Continue Reading…
Risk Management – Safeguarding Construction Plant and Equipment

Every year, insurance companies pay out substantial sums in claims following either significant damage and theft of construction plant and equipment (CPE). Losses can be incurred due to accidents such as collisions or overturning events, fire, flood or deliberately through vandalism or arson. These incidents can also result in personal injury, property damage and business interruption as well as potential delays and increased costs (including insurance excesses). Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Many loss events Continue Reading…
Used Car Market Moving at Record Pace

March witnessed a flurry of activity in the used car market, with used cars selling at an unprecedented pace. Vehicles left forecourts in just 25 days on average. The used car market appears to be revving up as it enters the second quarter of the year. After setting new records, car dealers should be able expect momentum to be maintained, according to insights from Auto Trader. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or would like a quote Continue Reading…
Mayoral Election Looms & Cabbies Support Anyone But Mayor Khan

As Londoners gear up for the upcoming mayoral election on May 2, the city finds itself at a crossroads of transportation policies. One leading black cab association has made its opinion on the debate very clear. The London Cab Drivers Club (LCDC) wants anyone but Mayor Sadiq Khan. Writing in the associations’ regular publication, The Badge, editor Grant Davis explains that he believes feelings of discontent amongst London’s cabbies are strong. Speaking of the eventual mayoral election winner he says, Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and Continue Reading…
The Most Common Types Of Cybercrime Claims

Cybercrime is one of the biggest risks that businesses face in 2024. However, cyber insurance is often described as one of the hardest policy types for businesses to understand. We look at common types of cybercrime claims businesses make. Cyber insurance is associated with jargon and unnecessary complexity. This is likely because insurance companies have struggled to translate the protection for the changing threats that businesses face into simple wordings. The truth is, most businesses are more likely to be a victim of a cyber attack, i.e. ransomware than their premises burning down. Every year there are more and more Continue Reading…
HSE Non-Compliance: Fatal for Lives and Businesses

In the complex landscape of business operations, adherence to correct documentation and robust health and safety processes is paramount. Recent rulings by the Health and Safety Executive (HSE) and a Traffic Commissioner underscore the critical importance of maintaining stringent standards to safeguard both employees and the public. Plan Insurance can help you with your Scaffolding Contractors Insurance insurance cover… Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Scaffolding Firm Fails Inspection A stark example of the consequences of inadequate safety measures is evident in the case of C Continue Reading…
Top 5 Stolen Car Models – UK Car Theft Trends

In recent years, car theft has become an increasingly prevalent concern in the UK, with criminals employing sophisticated methods to target vehicles across the nation. But what exactly are these thieves after, and how can you safeguard your own wheels from falling victim to their schemes? According to data analysed by Claims Management & Adjusting (CMA) from DVLA records, a staggering statistic emerges: a vehicle is stolen approximately every five minutes somewhere in the UK. This alarming frequency underscores the urgency for motorists to take proactive measures in protecting their vehicles. If your business buys, sells, repairs or modifies vehicles Continue Reading…
Uber CEO Receives Bumper Pay Day

Uber CEO Dara Khosrowshahi is in line for a bumper pay packet after overseeing a remarkable turnaround in the company’s fortunes. The company’s improved share price has unlocked options for him to purchase stock valued at around $136 million. The board of the ride-hailing company set him the performance target of achieving a $120 billion valuation. This has now been easily passed with Uber’s stock price jumping by almost 150% in the last year to reach $160 billion. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional Continue Reading…
Cazoo Shifts Gears: From E-commerce to Online Marketplace

In the tumultuous realm of online commerce, adaptability often spells the difference between success and failure. Cazoo, once a rising star in the digital car dealership arena, is now making headlines for its strategic overhaul, but questions linger about its viability and direction. Founded in 2019 by serial entrepreneur Alex Chesterman OBE, Cazoo set out with ambitious goals to disrupt the traditional motor retail sector by offering an entirely online car buying experience. Backed by substantial investments and fuelled by extensive marketing campaigns, the company made significant strides, but its trajectory hasn’t been without turbulence. If your business buys, sells, Continue Reading…
Chancellor Delivers Blow to Landlords in His Budget

Wednesday March 6th saw Chancellor Jeremy Hunt put forward his Budget. It is likely to be the Government’s final financial offering before the upcoming General Election. So what did it include that might be relevant to landlords and property investors. Capital Gains Tax Reduced In an effort to drive residential sale transactions and subsequent tax revenue, the Government will be decreasing the higher rate of property Capital Gains Tax (CGT) from 28% to 24% from April 6th 2024. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional Continue Reading…
Buyer Demand Sparks UK Housing Market

There appear to be promising signs on the horizon for the UK housing market. Recent data indicates a resurgence in market activity, with several factors contributing to a more optimistic outlook for both buyers and sellers alike. One of the most encouraging indicators is the notable uptick in sales agreed, soaring by an impressive 15% compared to this time last year. This surge in transactions reflects a renewed sense of confidence among buyers, signalling a revitalisation of market demand. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our Continue Reading…
Industry Giants Urge Rethink On Stricter HGV Direct Vision Standards

A united front comprising industry heavyweights, the Road Haulage Association (RHA), Logistics UK, and the Association of International Courier & Express Services, is intensifying its efforts to convince Transport for London (TfL) to reconsider the October launch of its enhanced Direct Vision Standards (DVS) for Heavy Goods Vehicles (HGVs) entering the capital. The campaign, backed by the joint forces of these industry associations, aims to persuade TfL and London Councils to extend the 28 October 2024 deadline for the new standards, referred to as the Progressive Safety System (PSS). The PSS mandates that HGVs over 12 tonnes entering and operating Continue Reading…
Shocking Week for Robotaxi Firm Waymo

Autonomous private hire service operator Waymo enjoyed a torrid time last week. One of its vehicles hit a cyclist and another was set upon by an angry mob. Robotaxi Road Traffic Accident Being Investigated Waymo operate a large fleet of robotaxis in San Francisco. Members of the public can order and paid for the service via an app. One of the firm’s vehicles collided with a cyclist in San Francisco on February 6th. The accident occurred at the intersection of 17th and Mississippi in Potrero Hill. Fortunately the cyclist appears to have sustained at most only slight injuries. Post the Continue Reading…
Landlords Rejoice: More Choice in the Buy-to-Let Mortgage Market!

In the challenging landscape of the property market, landlords have at last a small reason for cheer. The latest research by Octane Capital reveals a notable surge in buy-to-let mortgage products. Over the last three months, the market has witnessed an impressive 8.8% increase, propelling the current total to a robust 1,889 options. This surge in availability comes at a time when home movers are experiencing a small dip in mortgage product choices, down by 1% and accounting for 35% of all mortgage products. While still benefiting from a higher level of choice compared to first-time buyers, this reduction hints Continue Reading…
Mr. Bean Dents Electric Vehicle Sales

In the world of electric vehicle sales, recent comments made by actor Rowan Atkinson, famed for his role as Mr. Bean, have stirred controversy and raised concerns about their potential impact on the industry. Atkinson, a self-proclaimed electric car enthusiast, expressed feeling “duped” by EVs, citing higher environmental costs during production than traditional combustion-engine vehicles. A House of Lords report, published by think tank Green Alliance, highlights Atkinson’s comments as a prime example of misleading reporting that can significantly damage the public perception of electric cars. The actor’s claims were promptly debunked by experts who emphasised the ongoing environmental benefits Continue Reading…
The Soaring Costs of Insurance Premiums – What’s Behind the Increase?

Motor and home insurance premiums have both spiked significantly in recent years. Many households continue to struggle to afford all their essential outgoings. So further severe price rises will be causing additional concern. Below we attempt to reduce some of the hype surrounding the price rises. They have jumped but not by as much as you’d think. We also provide a deeper dive into the reasons why premiums are rising. We go beyond the more obvious after effects of the post-pandemic supply chain issues and inflation. Why has my insurance premium increased so much? “Why has my motor insurance has Continue Reading…
An Innovative and Entrepreneurial Year – The UK Landlord Market in 2024

We don’t want to fixate on rent forecasts and mortgage fluctuations, the UK’s landlord market in 2024 offers many other interesting trends. Yes, rental growth might decelerate (Savills predicts 5% by year-end), but beneath the surface, fascinating developments are reshaping the game. So, buckle up, landlords, because it’s time to ditch the dusty rule book and embrace the unexpected. Plan Insurance can accommodate your Property Owners & Landlord Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. The Green Revolution Forget energy-guzzling behemoths, eco-conscious tenants are demanding Continue Reading…
Navigating the Road Ahead: The UK Taxi and Private Hire Industry in 2024

The UK’s taxi and private hire industry has weathered a storm of disruptions in recent years. From the pandemic’s impact to the rise of ride-hailing apps and cost-of-living pressures, the landscape is constantly shifting. So, what does the road ahead look like in 2024? Buckle up, because we’re about to explore some key trends shaping the industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. The Resurgence of Ride-Hailing While passenger numbers are still recovering from pre-pandemic Continue Reading…
Top 5 Blogged-About Topics for UK Taxi and Private Hire Drivers in 2023

From skyrocketing fuel costs to electric vehicle buzz and safety concerns, UK taxi and private hire drivers faced a whirlwind of hot topics in 2023. We dive into the industry’s 5 most blogged-about issues from leading sources, backed by stats, to understand what truly matters to drivers in this dynamic industry. Plan Insurance can provide bespoke taxi insurance quotes for all UK drivers. Just fill in our short online questionnaire, and our professional brokers will be in contact to arrange your insurance. Cost of Living Crisis With fuel prices soaring and inflation biting, this was the undisputed king of blog Continue Reading…
What’s In Store in 2024 for The Haulage Sector: Decoding the Road Ahead

As the haulage sector ushers in 2024, industry experts share their insights on the key developments that will shape the coming months in the race to decarbonize. There are some the crucial priorities, debates, and advancements that will define the trajectory of the haulage industry in the year ahead. Plan Insurance can accommodate your Motor Fleet Insurance needs, We also offer innovative Pay Per Mile Insurance options. Just fill in our short online quote form, and our professional brokers will be in contact to arrange your insurance. Zero Emission Truck Mandate: Clarity in Transition The looming 2035 end-of-sale date for Continue Reading…
Come Back Kid Regains UK’s Most Popular Car Title

In a surprising turn of events, Ford has made a triumphant comeback to claim the title of the UK’s most popular car, months after bidding farewell to the iconic Ford Fiesta. It goes to show how fast the landscape of the UK’s car market can change. With China forecasted to overtake Germany as the world’s largest vehicle exporter, things could be shaken up again in the not too distant future. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can source a tailored Motor Trade insurance policy for you. If you have any more questions or Continue Reading…
UK Construction Sector – 5 Reasons for Optimism in 2024

The UK construction sector has been battered by a storm of challenges in recent years, including covid, the subsequent supply chain disruptions and rising costs as well as labour shortages. However, amidst these difficulties, there are five compelling reasons to be optimistic about the industry’s prospects in 2024. Plan Insurance can accommodate your Construction & Contractors Insurance needs. Just fill in our short call back form, and our professional brokers will be in contact to arrange your insurance. Government Plans Large Scale Investment Projects Despite uncertainties, the construction sector anticipates positive shifts, especially with the government’s commitment to significant investment Continue Reading…
China’s Ascent: The Driving Force in Global Car Exports 2024

The automobile industry is undergoing a seismic shift, propelled by the rise of electric vehicles (EVs). In a groundbreaking development, China is poised to outpace traditional automotive powerhouses like Germany and Japan to become the world’s leading car exporter in 2024, driven predominantly by the surging demand for EVs. The landscape of the car industry is evolving rapidly, with EVs challenging the dominance of traditional combustion-engine vehicles. Chinese manufacturers, recognizing their potential, have swiftly seized the opportunity, positioning themselves at the forefront of this transformative wave. If your business buys, sells, repairs or modifies vehicles then Plan Insurance Brokers can Continue Reading…