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."
Insurance companies set to increase premiums across the board
As we have covered on a number of occasions, many insurance companies have "sneaked in" premium increases over the last few weeks when their sector has been overshadowed by that of the banking and mortgage industry. This constant increase in premiums has gone largely unnoticed but over the next six months, as UK consumers look to renew their policies, they will become all too evident.
Has the UK government's mortgage rescue scheme failed?
With news that just one home has been saved from repossession in the first three months of the government's £200 million mortgage rescue scheme there are concerns that the project is already in ruins. The scheme was launched in a blaze of glory with suggestions that 6,000 homes in the UK would be saved from repossession when in fact the scheme has barely got off the ground after three months.
Vince Cable attacks Sir Philip Green
Vince Cable, the business secretary for the UK government, has this evening issued an attack on Topshop entrepreneur Sir Philip Green claiming that he should "pay his taxes in the UK". Those who have been following the UK government of late will be well aware that Sir Philip Green has been appointed as an adviser for David Cameron to try and clean up public-sector spending and reduce the public se...Read More
Inflation drops to 1.7%
25/03/2014 The UK’s inflation rate fell to 1.7% in February, down from 1.9% the previous month. The rate of inflation in the UK, which is measured by the Consumer Prices Index (CPI), fell below the Banks of England’s 2% target for the second consecutive month One of the major factors which caused the drop in inflation was the price of petrol and diesel. According the Office for Nation...Read More
Will the winner of the next election hold a poisoned chalice?
As the Tory party seemingly ready themselves for office next year there is a feeling that the next government of the UK will have an almost impossible situation to deal with. In the midst of the deepest recession for many years, the largest government budget deficit in history and national debt which is now approaching £2 trillion it seems that the next incoming government will have very little r...Read More