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."
UK house prices rise by 0.2% in April
The average UK house priced increased by 0.2% in April leading to a rise of 8.5% over the last 12 months. However, on a regional basis there are major variations on the 8.5% annual increase and not every housing market in the UK is experiencing increased demand! The report by the Land Registry shows that Brighton and Hove has the highest year on year increase of 16.8%, Bristol is next on 15.9%...Read More
Are Treasury economic forecasts already out of date?
The suggestion that Gordon Brown will need to increase National Insurance by 0.5% from 2011 has caused a serious backlash from many in the Labour Party. However, tonight there are serious concerns that the proposed increase in National Insurance is based upon Treasury economic forecasts which are already well out of date. Just a few short months ago the Treasury had been forecasting an uplifting i...Read More
Is the bailout of the banks unwinding?
In a move which could quite literally blow apart the well structured bailout of the UK banking sector it has been revealed that the government is looking to do a U-turn on dividends for Lloyds Bank. Initially all banks which agreed to take capital from the government were informed that they would not be able to pay out dividends to shareholders while the government held preference shares in the g...Read More
No-frills airline hit back with increased charges
Yesterday's revelation that Ryanair is in talks with Boeing to develop coin-operated toilets has been followed today with news that the company is looking to increase the £15 cost of taking hand-luggage on board to £20 during the summer holiday period. It seems that not only Ryanair but all other low-cost airlines in the UK are looking to increase their income streams and reduce their costs in t...Read More
Stagecoach considers a late bid for National Express
After National Express turndown a potential offer for the business from CVC Capital Partners it really is crisis point for the UK travel company. It appears that CVC Capital Partners offered in the region of £4.50 a share but this was turned down by the directors of National Express even though the business has accrued massive debts over the last few years.
While there has been no...