Travel insurance slump cuts profits at Moneysupermarket

Travel insurance slump cuts profits at Moneysupermarket

Price comparison website Moneysupermarket has reported a sharp slump in annual profits after coronavirus restrictions wiped out demand for travel insurance. The financial services platform, which helps customers compare deals, reported a 24% fall in pre-tax profits, to £87.8m, following “negligible” revenues from its TravelSupermarket site. The pandemic also limited the appetite for deals on…

Chancellor urged to use budget to tackle rent debt crisis

Chancellor urged to use budget to tackle rent debt crisis

The chancellor must take action to tackle the rent debt crisis in the forthcoming budget, housing charities and groups representing landlords and renters have said. In a joint statement released by organisations including the Big Issue, Crisis, Shelter, Citizens Advice, Joseph Rowntree Foundation and Nationwide Building Society, Rishi Sunak was called upon to act now…