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."
Property companies looking to invest for the next upturn
It seems as though property companies in the UK such as Land Securities are now readying themselves for an increase in demand for property in the medium term and looking to invest into new projects in the short term. Indeed yesterday we saw Land Securities announce a £655 million investment in the West End of London as the company continues to see signs of growth in the UK property sector. It...Read More
Is George Osborne the right man to take over Alistair Darling's job?
Over the last few weeks it has become apparent that George Osborne is looking to take on the role of Chancellor of the Exchequer if, as many believe, the Tory party is victorious at the next general election. Mr Osborne has been in the news on regular occasions over the last few months in a pre-planned strategy to make UK business leaders and consumers more aware of him and what he stands for.
Talk is cheap as G20 discuss yet another meeting later in the year
Gordon Brown appears to be one of the main backers of Australia's bid to have a second special G20 summit later in the year to be held in Asia. This will be on top of the forthcoming G20 meeting in London and there are serious concerns that despite numerous meetings and numerous promises the G20 will yet again fail to deliver on the grand scale that the headlines often promise.
Churchill preferred on UK banknotes
Britons want former prime minister Winston Churchill on their banknotes, a survey shows.An overwhelming 52 per cent of respondents in a survey by Virgin Money favoured the statesman as the man they would most like to see immortalised on banknotes.The second world war leader did somewhat better than current prime minister Tony Blair, who won just 0.9 per cent of the male contenders' vote.Mr Blair w...Read More
Deutsche bank strikes deal with BMW UK pension scheme
In what many believe will become a major sector in the pensions industry Deutsche bank has announced a deal to take on the longevity risks of nearly £3 billion connected to the BMW UK scheme. This is the largest deal of its kind to date and will see BMW transfer the risk that scheme members live longer than expected and the increased costs associated with this. Using complicated insurance and...Read More