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."
Oil Moves Back Over $140
As concerns build over the potential for trouble in the Middle East the price of oil has again pushed higher, now over $140 a barrel. While there are some in the market who feel that the supply and demand ratio will see the price drift back as economies slow, other believe that the faster growth of the developing nations such as China and India will more than makeup for any slowdown in other econ...Read More
London Stock Exchange See Tough Trading Ahead
After being the subject of takeover and merger offers for the last few years it seems that the sustained period of growth at the London Stock Exchange (LSE) is now over. Clare Furse, the chief executive of the Exchange today announced that trading levels were down some 11% for the month of May so far and the value of trades was also under pressure.
The move seems to be the result o...
BT given go-ahead to increase charge to rivals
After months and months of discussions, OFCOM has today set out a new system which will see British Telecom allowed to increase its charge to competitors using its network by up to 11%. Not only is this a serious development for BT but it will also allow the industry, and BT in particular, to invest in the long-awaited national broadband fibre-optic network. This was the main reason for BT's insis...Read More
UK government considers abolishing retirement age
The UK government is stuck between a rock and a hard place as it battles against the ever-changing population breakdown of the UK. For the first time ever there are now more pensioners than children in the UK due to a longer lifespan for the UK population and a lower than expected birth rate. When you also bear in mind that pension funds have suffered dramatic falls over the last couple of years t...Read More
Annual house price growth hits 10.5%
A report by the Nationwide today shows that UK house prices increased by 10.5% in the 12 months to the end of April. The average price of a home in the UK is now £167,802 with a 1% increase in prices during April helping to boost the overall figure. While the increase of 10.5% is welcome and fairly impressive it does come against a backdrop of one of the weaker months from April 2009. The Nati...Read More