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."
Darling Calls In The Supermarket Chiefs
In a move which many believe should have happened some time ago, Chancellor Alistair Darling has called supermarket chiefs to Downing Street for talks about the growing problem of food price rises in the UK. The meeting seems to have been prompted by a recent survey which forecast that the growing demand for agricultural products would see UK food prices rise by at least 5% a year for the next de...Read More
Who is ultimately to blame for the crash in the UK economy?
While Gordon Brown has taken significant criticism in the short term regarding the UK economic situation and the ever growing national debt, is it really Gordon Brown's fault or is he merely caught up in a very difficult worldwide situation?
The truth is that the UK economy has to all intents and purposes followed the path of the worldwide economy which began to suffer when credit w...
George Osborne urges the Bank of England to cut interest rates next week
All political parties, business associations and consumer interest groups have joined in urging the Bank of England to cut UK base rates next week in a move to try and relieve some of the pressure on business and consumers. Some are calling for a half point cut, and more, in order to have any meaningful impact on the UK economy. If the Bank decided to retain rates at current levels we are highly l...Read More
Insurance industry 'can stay competitive'
Insurers can ride out the current difficulties facing the industry as costs rise, with the consumer set to benefit.That is the message from the Association of British Insurers (ABI), which says that soaring costs to the tune of 75 per cent in bodily injury claims since 2000 and 66 per cent in accidental damage claims can be negotiated.Speaking to BBC Radio 5 Live's Wake Up To Money,...Read More
Bank of China makes play for UK mortgage market
The Bank of China has this week made a play for the UK mortgage market by increasing its loan-to-value ratio from 75% to 80% on residential mortgages. The rate on buy to let mortgages has been increased from 65% to 75% and for commercial mortgages from 65% to 70%. While the Bank of China may not be the most recognised name in the UK mortgage market it does offer a number of mortgage instruments wi...Read More