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."
March sees house prices up 6.7 per cent
House prices in England and Wales increased by an average of 6.7 per cent in March compared to one year ago, the sharpest rise in almost four years.Research from Hometrack found that average house costs increased by 0.8 per cent in March after a 0.7 per cent rise in February, boosting the overall inflation of homes. However house prices in London grew by 1.8 per cent in March, the sharpest monthly...Read More
Supermarkets attacked for price promotions and cost-cutting
The Institute of Sales Promotion (ISP) has today stepped forward with a damning report on the UK supermarket sector claiming that price promotions are "destroying brand strength and brand loyalty". The Institute has quoted figures which it claims show that over £14 billion was wasted on price promotions in 2009 with retailers using this particular ploy to attract more customers while allegedly "a...Read More
Fears over fire sale of UK property
Fears are growing today regarding a possible fire sale of UK property assets as the UK government looks to increase capital gains tax charges. It is believed the government will increase the flat rate from 18% for non-business assets to anywhere in the region of 40% to 50%. It is unlikely that the capital gains tax changes would come into effect immediately and we could see a fire sale of UK prope...Read More
Could the Euro zone drag the UK down?
Over the last few weeks it has become more and more apparent that trouble in the euro zone is starting to impact upon the UK economy and the cost of finance around Europe and around the world. Despite the fact that the UK is not an integral part of the euro and the euro zone as such there is a massive dependence upon internal trade within Europe which is obviously beginning to suffer. So could the...Read More
British Airways gets tough with cabin crews
British Airways has taken a very tough stance with cabin crews who are threatening to go on strike this week over changes in working practices. Historically British Airways cabin crews have received discounts of up to 90% on their air travel costs but the company is suggesting that those who take strike action next week may well be stripped of their perks. This is the latest development in the...Read More