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."
European banks face major write-offs
The European Central Bank has today reported that euro zone banks are likely to be hit with a further £165 billion in write-down towards the end of 2011. Just when many people thought that the credit crunch was well and truly over and the after effects had passed through the global economy we may well need to think again. There is no doubt that the after effects of the credit crunch will be felt...Read More
Private clampers in the sights of the UK authorities
The government has today issued details of future plans to protect motorists from unfair clamping charges which have been the scourge of drivers up and down the country. In the future motorists will be able to appeal to independent tribunals if they believe they are being overcharged or targeted unfairly. Not only will those successful in the courts receive a rebate on part of their fine but they...Read More
Welsh MPs under pressure regarding expenses
The Daily Telegraph has today issued allegations regarding 50 Welsh MPs and their expenses. The paper claims that government whip Mark Tami and many more MPs have claimed council tax expenses even though it is alleged they have not actually paid the council tax in full. This is yet another nail in the coffin of the UK expenses system which is certain to be severely revamped in the weeks, months an...Read More
Buy to let investors urged to review home insurance
Landlords whose property portfolios have increased in value over the last year should act now to review their home insurance cover, Sainsbury's Home Insurance has advised. Research conducted by the home insurance provider shows that at the end of 2006, the cumulative value of rental property stood at £571.38 billion. However, as a result of price inflation over 2007, this now stands at £641 bill...Read More
How Does It Now Pay To Borrow More?
As the rate of interest charged on personal loans continues to rise in line with the mortgage market, we have arrived at the crazy situation where banks and loan companies are quoting reduced interest charges for higher value loans. In the past this has been the standard practice with more margin available in the longer term, but surely the financial institutions should be discouraging larger loa...Read More