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."
How long will quantitative easing take to kicking?
As the UK authorities get set to spend literally billions of pounds of "new money" there is concern that quantitative easing will take some time to filter through to the general UK economy. Historically the depression of the 1930s was so severe that similar economic stimulus packages took up to 3 years to kick in and bring around what was an ailing worldwide economy. If the same happens in the UK,...Read More
NIESR criticises government's emergency budget
The National Institute of Economic and Social Research (NIESR) has today criticised the UK government's "emergency budget" suggesting that the £40 billion in spending cuts and tax rises could easily have waited a further six months. The Institute believes that the UK government brought forward the budget, under the banner of an "emergency budget", purely and simply to grab the headlines and give...Read More
How should we expect property prices to perform in 2010?
The release of the Nationwide property survey of the UK makes great reading for investors and home owners across the country but what about 2010? Can we expect more of the same or is this ongoing recovery in the UK property market not sustainable?
Unfortunately, yet again we have seen another third-party attempt to bring UK property owners down-to-earth with Savills suggesting that...
Sterling rebounds in early trade
Despite the controversy surrounding George Osmond's comments about the UK currency, we saw Sterling rebounds in early trade after a heavy fall over the last few days. This has taken some of the heat off George Osborne and while his comments were factual they may not have been of help to the UK economy at this moment in time.
As we suggested yesterday, there appears to be a growing b...
Bankruptcy levels set to soar in the UK
As the UK economy starts to show signs of potential recovery, there are serious concerns about debt levels within the UK consumer sector. We have already seen a significant jump in bankruptcies in England and Wales and many experts expect a mushroom effect in the short to medium term as the full financial crisis begins to hit home. The previous record for bankruptcies, or personal insolvency, prio...Read More