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."
Spanish giant Santander looks to UK for growth
Spanish financial giant Santander is rumoured to be looking towards the UK for further expansion with the company set to finalise a deal to acquire 318 Royal Bank of Scotland branches early next week. While the fee for the branches has yet to be confirmed it will be substantial although it will also give Santander more exposure to the UK high street and more influence over the UK marketplace. T...Read More
Is it time to cash those investments?
While this post should in no way be construed as financial advice of any form, many people have had a difficult few months wondering when it is the right time to cash those investments, when to pull out of the market and when to go in. So when is the right time and how do you decide?
The best way to find out the future expectations for the market is to speak to professionals who ar...
Lloyds bank looking to pull out of government asset protection scheme
Lloyds bank is today in talks with Treasury ministers and FSA regulators as the company looks to withdraw or reduce its proposed exposure to the government asset protection scheme. This is the scheme which would see Lloyds bank insure £260 billion of risky debt which is currently untradeable, therefore reducing any further downside in the short term. However, the company has been struggling to ra...Read More
UK bank reporting season starts this week
As analysts await the announcement of results from Royal Bank of Scotland many people will be watching for signs of further deterioration in the UK economy and the banking sector as a whole. Despite signs that the UK economy has been improving of late, we need to see significant follow through to convince consumers, investors and businesses. The ongoing increase in liquidity in the banking sector...Read More
Payday lenders lack competition
11/06/2014 The Payday loans market lacks competition and is resulting in many customers paying more than they need to, according to the Competition and Markets Authority (CMA). The CMA found that this lack of competition could be resulting in a typical customer’s annual bill increasing by around £30 to £60. The regulators will need to look at the possibility of implementing various so...Read More