Eight million suffer from 'crashback'
Up to eight million British drivers could be suffering from a post-car accident condition known as 'crashback'.New research says two in five motorists endure the "serious" affliction, which can lead to a "loss of confidence, nightmares about their accident and panic attacks even when they're not driving".Insurance provider More Than, which produced today's survey, claims that 170,000 people take six months to drive again after an accident, while 85,000 people have not driven since being involved in a crash half a year ago.The insurer says that it can take up to five years to recover from the condition, which can also lead to "erratic driving" when an individual gets behind the wheel again."Crashback is a very common condition among drivers who have been involved in an accident. Any car crash, no matter how small, can be traumatic, and there's nothing unusual in feeling upset or anxious after a crash," said Marcia Chambers, from More Than.Citing statistics that show 200,000 people are injured on British roads every year, More Than head of motor insurance Keith Maxwell, added: "Although not often talked about, this sort of anxiety and stress can be serious and people need to take time and concentrate on feeling better. "Drivers should not feel under pressure to get behind the wheel again before they're ready. It can add stress, meaning it takes longer to get back to normal, and could lead to unsafe driving behaviour."
Northern Rock Announces Loss Of £585 Million And Possible £3 Billion Present From The Treasury
News that the Northern Rock has made a loss of £585 million in the first six months of the year is a little higher than the £500 million forecast we reported on just a few hours ago. However, while the figures themselves are bad it has been announced that the government is preparing to write of £3 billion of the near £20 billion due to the tax payer. In a complicated action the government wi...Read More
The Lloyds bank saga goes on and on
The news that a further 1200 jobs will be lost at Lloyds bank has attracted some very negative comment with regards to the company and its conduct. This comes at a time when a number of shareholders, who invested in the group prior to the merger with HBOS, have announced plans to take the UK government to court and find out exactly what went on behind the scenes.
There are unsubstan...
Work At Home Population Warned On Insurance
As we prepare for National Working At Home Day, Lloyds TSB Insurance has taken the opportunity to warn the growing band of work at home entrepreneurs that they need to ensure they have the correct insurance in place. It seems that the growth in the use and availability of the internet has induced a massive increase in the numbers who work from home. Unfortunately, while very often it may only...Read More
Kraft Foods US shareholders launch lawsuit
A lawsuit has been launched in America by a corporate shareholder in Kraft Foods suggesting that the Cadbury board of directors have not acted in the best interest of Cadbury shareholders and "may lose out massively" if the merger is rejected outright. So where does this leave the Cadbury board of directors?
The first thing to say is that UK mergers and acquisitions are regulated by...
Lord Mandelson and the £400 million sweetener
This weekend Lord Mandelson is said to be in discussions with unions and Magna, the Canadian outfit which is on the verge of acquiring GM Europe. The discussions will revolve around the Vauxhall subsidiary, which has a significant exposure in the UK, and the thousands of jobs which are potentially at risk if the company decides to move production overseas.
This is something of a U-t...