Here at UK Unemployment Insurance we aim to provide you with the best advice and widest choice to protect against the financial hardships which can be caused by unemployment for whatever reason.
In the *first quarter of 2006 the number of officially notified redundancies was 147,000 people. This means that on average roughly 2,400 people were made redundant every working day! *2006 Redundancy Statistics - Source ONS Labour
As at the *end of June 2007, there are over 1,650,000 million registered unemployed in Britain.
According to the Council of Mortgage Lenders, (CML), home repossessions have risen by 30%, resulting in an estimated 14,000 properties being repossessed in the first six months of 2007.
The latest statistics for 2005/06 from the Health and Safety Commission show that over 2.000,000 million people were suffering from an illness they believed was caused by, or made worse by their current or past work. 523, 000 of these were brand new cases in the last 12 months.
Ten years ago the age split for those being made redundant was pretty even. Nowadays, the 35 to 49 age group are hardest hit. In the *first quarter of 2006 for example 36.2% of those being made redundant fell into that group.
It is hard to get a fix on how long it takes for people to get a new job, but anecdotal evidence still suggests that it's tough out there, especially for the over 35's. *2006 Redundancy Statistics - Source ONS Labour
Many people find the unemployment benefit inadequate to cover their needs, especially if they are accustomed to a higher income. While the overrall unemployment rate is falling, some sectors continue to suffer. To check out the unemployment situation in more detail, have a look at some more unemployment statistics. It is now becoming more and more essential to have some form of protection against the unexpected eventualities that can cause loss of income. Unemployment Insurance and Mortgage Protection Insurance are becoming increasingly popular methods of safeguarding against this.
You can read more about unemployment and the UK economy in general at this BBC site www.bbc.co.uk
Sometimes it pays to take advice if you want to know more about the benefits of each individual plan.
We strive to work with the best partners in every area of financial services. To find info about other types of insurance or investment click on the links to the right.