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."
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
UK inflation starting to rise
News that the October consumer price index increased by 1.5% has caught many analysts off-guard as has the 1.8% increase in the core rate of inflation. It seems highly likely that consumer price inflation may reach 2.5% in the early months of 2010 although after that there is a difference of opinion as to which direction it will go.
As a consequence of the increase in inflation we a...
Pay freezes to become the norm across the UK
In a move which would place more and more pressure on the UK population it has been announced that more than half of businesses in the country are looking to freeze employee's pay this year with a further 12% looking to instigate wage cuts. While this is an obvious response to what is one of the most difficult economic environments for many years, it does not assist the UK government in the pursui...Read More
Hopes rise for solution to Greek debt problems
In a further extension of the uncertainty surrounding the Greek debt problems, stock markets within Europe have rebounded today amid hopes that there will be a "quick" solution. It seems that contradictory statements are being released on a regular basis and investment markets in the UK, Europe and the rest of the world have no clue what is going on under the surface. As we have mentioned on nu...Read More
Nationwide to charge customers using debit cards overseas
In a surprise move it has been revealed that the Nationwide is set to scrap the current 1% currency conversion charge on overseas Nationwide debit card transactions in favour of a 2% charge on all overseas transactions and a £1 withdrawal fee. However, the situation is slightly different for those holding Nationwide credit cards as the current 1% overseas charge will be retained for transactions...Read More