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 pubs closing at rate of 52 week
The British Beer and Pub Association (BBPA) has issued a report this week which confirms that 52 pubs are going out of business each week at a cost of 24,000 jobs over the past 12 months. Since the onset of the recession nearly 2500 pubs and bars in UK have disappeared and the situation could well continue for some time to come. A mixture of increased taxes, higher business rates and lower beer sa...Read More
Don't hide your financial troubles from your creditors
As more and more people in the UK fall further and further into debt and sit on the precipice of a financial disaster there is a need to face these issues head-on. Despite the fact that many people in the UK would rather bury their head in the sand until the problem goes away, unfortunately for many this will not happen. It is essential that if see yourself falling into financial trouble you shoul...Read More
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
British banks propose small business fund
It is believed that the major banks in the UK are currently in talks about setting up a fund for UK small businesses to provide cash flow in the short to medium term. While details of the ongoing developments are fairly thin on the ground at the moment it is believed that each bank would contribute tens of millions of pounds to a centrally administered fund which would then effectively invest in a...Read More
Going to University and Budgeting
Last week, across the UK, A-level students nervously anticipated their results. To all those who achieved their expected grades, congratulations from everyone here at financialadvice.co.uk towers and we hope you gained a positive response from the university of your choice? For those who didn’t quite make it there’s no need to panic. There are plenty of other options and resources availabl...Read More