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."
Grocery prices up by 58% since 2007!
A report in the financial press today has highlighted the massive increase in the cost of living in the UK with some groceries up by 58% since 2007. This comes against an inflation rate which currently stands at 3.2% and has never reached double figures in the recent past! While it is the cost of food such as rice, lentils and beans which have increased by 58% since 2007 the price of everyday i...Read More
Royal Bank of Scotland set for serious clearout
It has been revealed that Royal Bank of Scotland is on the verge of ditching a number of non-executive directors in the aftermath of a dire period in the company's history. The company is expecting to announce losses of £28 billion from 2008 and undergo a serious reorganisation of the business. While the vast majority of non-executive directors will be leaving the board, their departure will be s...Read More
Alistair Darling rules out US banking style levy
As we covered yesterday, Barrack Obama has revealed plans to introduce a new levy on the US banking system purely and simply to replenish taxpayer coffers which have been emptied because of the banking rescue package in the states. While there was speculation that the UK government would look towards a similar scheme in the UK, Alistair Darling has today suggested this is not an option and not up...Read More
Finally the government admit recession is likely
While the Bank of England had already softened the ground with suggestions that the UK is heading for a recession it was finally time for Gordon Brown to wake up and smell the coffee today as he agreed that a recession was a distinct possibility. However, he has admitted this at a time when the Tory Party is under severe pressure with regards to a suggestion that they attempted to arrange a party...Read More
George Osborne denies pact with Bank of England
George Osborne, the Chancellor of Exchequer, has today rubbished claims that the UK government has made some form of informal pact with the Bank of England with regards to the level of UK base rates. This comes only 24 hours after Mervyn King, the governor of the Bank of England, suggested that UK base rates could remain at 0.5% for some time to come. So is there some kind of informal agreement?...Read More