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."
Entrepreneurs flock to the Internet
There are very few areas of life which the Internet has not yet touched but one area which has attracted massive attention is the ability to create your own website and your own online business in a relatively short space of time. The main attraction of the Internet is the fact that at the touch of a button you can increase your traditional local marketplace to a worldwide marketplace. Many ent...Read More
Building societies urge restraint on interest rate reductions
The Building Societies Association (BSA) has today suggested that the Bank of England should leave UK base rates unchanged as we approached the MPC meeting this week. This is very much against the general trend in UK where businesses and UK banks are demanding a further reduction in UK rates to try and stimulate activity in the UK economy. However, the building society sector is very much based on...Read More
Nationwide warns of property market complacency
Despite the fact that the Nationwide property survey shows that house prices in the UK have risen for the eighth consecutive month, the building society is still concerned about the immediate outlook for the market. House prices rose by 0.4% in December, which contributed to a rise of 6% over the last 12 months, with the average house price in the UK now valued at just over £162,000. While the ma...Read More
How much does Kraft Foods really want Cadbury?
As Cadbury shares broke through the eight pound barrier today, on expectations of a bidding war for the company, many analysts are now wondering how much Kraft Foods really wants Cadbury. There is growing speculation regarding the company with renewed rumours of a potential bidder from smaller US outfit Hershey. However, there is no doubt that Kraft Foods has the firepower and the finance to blow...Read More
When did you last move your savings account?
Despite the fact we have been talking about UK savings rates falling for the last few months, when was the last time you actually looked at your savings account and considered whether you are getting the best deal for your money?
The truth is that the vast majority of UK consumers are highly unlikely to even know what their current savings rate is and how much interest they're savin...