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 growth lurches forward in spring
UK house price growth shot forwards in March as the seasonal spring boost in activity got underway, according to property website Rightmove.Its latest house price index shows that the average UK asking price accelerated to 12.2 per cent on figures 12 months previously, while the monthly change rose from 0.9 per cent in February to 1.5 per cent in March.The average asking price in the UK is now £2...Read More
Is British Airways winning the battle against the Unite Union?
There is speculation in the financial press that the Unite union, the union which represents the vast majority of British Airways employees, is being ripped apart by internal wrangling. A number of UK newspapers have picked up on the fact that a group of activists involved in the negotiations with British Airways may well have "gone over the top" with their recent threat of a 12 day program of str...Read More
Should public sector pensions be cut?
It is believed that UK taxpayers have an ongoing pension liability for the overall UK public services sector of well over £1 trillion with some suggestions the figure could be as high as £2 trillion. These are liabilities which have built up over the years in the many final salary taxpayer-funded pension schemes in the public sector, at a time when final salary schemes have become very scarce in...Read More
Is it time to lock in medium to long-term savings rates?
While there has been a return of competition, albeit very light competition, in the UK savings market there are some with nest eggs who are considering locking in savings rates for the medium to longer term. However, is it the right time to lock in to current rates? The main factor which will impact upon the value of savings and savings rates in the UK in the short term is the rate of inflation...Read More
Greece hits further trouble
A report in the financial press today suggests that the £30 billion fund set aside for the Greek government may not be enough with a figure of £70 billion being quoted by experts in the financial sector. This is a bitter blow for the European Union, Greece and the IMF at a time when many believed the situation was under control and progressing slowly but surely. If there is further disagreeme...Read More