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."
Insurers forced to be clearer over premiums
10/07/2014 Insurance companies will soon be expected to provide clearer information on renewal quotes, as the Financial Conduct Authority (FCA) prepares to draw up new rules for the industry. The new regulations are likely to include measures to force insurance companies to provide extra details when a customer comes to renew their policy. It’s claimed that customers will now have to b...Read More
Energy supplier faces fine from regulator
Gas and electricity supplier Npower is to be fined £1.8 million for failing to take adequate action over the mis-selling of contracts to consumers. The fine has been imposed by the regulator Ofgem, after customer complaints about Npower's doorstep salespeople were not dealt with proactively enough.Original allegations of improper sales practices at the UK energy supplier came from a Sunday Times...Read More
UK swine flu danger level increased
After reports that the two suspected swine flu outbreaks in Scotland have been confirmed the UK government has moved the danger level in the UK significantly higher. While there are no reasons for significant alarm the fact that swine flu has officially entered the UK, with a further suspected case in Manchester, is causing unrest amongst scientists and the government.
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More UK companies seeking to move overseas
With news that Informa, the publishing giant in the UK, has decided to move to Switzerland to avoid "double taxation" introduced by Alistair Darling on overseas earnings, it would appear that moves to tighten the UK tax regulations on overseas earnings have backfired. At a time when the UK government is in desperate need of funds the decision to squeeze as much income as possible in the short to m...Read More
Who will finance mortgages for the self-employed?
As the UK mortgage market readies itself for major changes in the future there is concern about those in the self-employed arena and the fact they may not be able to obtain mortgage funding in the future. The effective banning of self certified mortgages, whereby customers certify their own income, is a major blow to the self-employed and could indeed stop many people from entering the housing mar...Read More