Nearly half of UK households say that they would struggle to cope if their monthly outgoings rose by £99. We look at how you can create some financial 'breathing space' to help you out if you lose your job or become ill.
Bookings surge lifts Thomas Cook

Thomas Cook has been boosted by Britons looking to escape the recent miserable weather
Britons looking to escape to the sun after weeks of miserable weather have lifted holiday bookings at beleaguered travel firm Thomas Cook.
The UK's second biggest travel company said its summer programme was now 88% sold after a weather-related boost in recent weeks following a subdued April and May.
But cumulative bookings in the UK were still down 1% on last year as at July 29, although this was unchanged from its last update in May, the 170-year-old firm said.
The group, which was recently forced to turn to its banks for an additional £200 million of loans, reported an underlying operating loss of £26.5 million in the three months to June 30 due to tough trading conditions and the cost of acquisitions.
Thomas Cook said demand for its specialist and independent holidays remained strong but sales of its Olympic and Paralympic packages to corporate customers had been challenging.
The group was plunged into crisis in November after it turned to its lenders for help, sparking fears of a collapse, but it is now hopeful that it has a platform for recovery. The group recently appointed Harriet Green, the boss of electrocomponents distributor Premier Farnell, to lead its turnaround as its chief executive.
Thomas Cook has so far sold part of its aircraft fleet and five Spanish hotels and agreed the sale of its Indian arm as part of the strategy. The tour operator has removed 500 under-performing mainstream hotels - around 22% of its properties - from its summer programme.
Ms Green said she hoped to unveil her vision for the business next spring. She said: "The group has been through a difficult period, but much has been achieved which has strengthened the balance sheet and improved liquidity."
The group reported a 6% drop in revenues for the three months to June 30 to £2.3 billion, while it incurred one-off costs of £33.2 million from reorganisation. Its underlying challenges remain as net debt rose to £1.1 billion in the quarter from £902.5 million last year, as increased losses weighed on its balance sheet. The company's disposal programme has generated proceeds of £164.8 million.
Looking ahead, it said booking trends were "encouraging" and the turnaround plan was delivering against its objectives.
related stories on msn
latest money videos
more on msn money

Avoid these mistakes if you want to lead a richer life!

Save regularly to nab a leading easy access ISA rate from Newcastle Building Society and the chance to earn up to £1,000 cashback.

Barclaycard is now offering a record 27 interest-free months to pay off your debts.

The taxman says three and a half million people are due a refund, but two million will have to fork out for underpaid tax.

Fed up with low savings rates and high borrowing rates? As Dave Fishwick and his Bank of Dave has demonstrated, there are other options out there.

If you want to find a unique property bargain, there is plenty of help available online - you just need to know where to look.

US couple have found an innovative solution to the problem of sky-high house prices.

The two banks have now joined the Post Office's banking network, meaning customers can make withdrawals and deposits at branches around the UK.

Get 5p off per litre of fuel at Shell, broadband from £2 a month and more in our latest discount and freebie round-up.

Lifestyling is supposed to mean that your pension pot becomes more secure the nearer you get to retirement. Yet your pension provider might be switching you to overpriced and therefore riskier investments.

If you want to borrow a larger sum of money and repay it over time, a conventional personal loan is not always your best option.



