Blair staying out of Unite Union Row

Hopefully the union issue will be treated with the same seriousness that the PPI situation was.

06:59 13 July 2013

Tony Blair has said that is he is confident Ed Miliband will handle the Unite union row properly and reportedly that he will not be stepping in to try and change anything.

 

When issues with the Payment Protection Insurance were brought forth, it was resolved and people who had paid into a service they could not benefit from received refunds after filling out the appropriate forms.

Similarly, we can hope that the situation in regards to the union will also be dealt with in the best manner possible. With the PPI situation and the new regulations, customers can look with more confidence at the potential benefits of a solution:

• Smaller insurance payment—since PPI covers only certain loans such as credit cards, the amount a customer needs to pay in order to achieve the protection is usually very reasonable. If you do not have a lot of debt, or you have substantial savings, you might just decide to put the amount you might pay for insurance in savings instead though.

 

• Peace of mind—if you happen to have a heavy debt load, you may worry about certain circumstances that could easily tip the scales and create financial problems that are impossible to get out from under. PPI might be able to assist you with that, depending upon the situation such as extended illness, accident, or job loss.

 

• Credit rating protection—one of the benefits that people might not pay as much attention to when it comes to PPI is that it helps protect your credit rating if you are unable to make payments. If you are already suffering from some sort of crisis, you do not really need your financial status to suffer as well. It might even be able to prevent home or vehicle repossession if you opted for PPI protection for those.