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."
Have the US government gone too far this time?
President Obama yesterday announced a raft of regulations and legislative changes which will limit the size and trading power of Wall Street financial institutions in the future. The move prompted a sell-off on Wall Street, followed by a sell-off in London which has been followed overnight by a sell-off in the Far East. It seems that investors believe the American government has gone too far this...Read More
Bank collapse compensation changes set for 2011
The UK government and the Financial Services Authority (FSA) have today announced that various new regulations regarding bank collapses will come into play on 31 December 2010. This will see savers compensated within a seven-day period, if their bank collapses, and also afford protection to those who have loans with the same organisation.
This is all within the EU deposit guarantee...
Market awaits confirmation that the recession is over
Later this morning the Office for National Statistics will release data that should confirm that the UK economy moved out of recession in the fourth quarter of 2009 and is now back on the growth path. However, even if the UK economy has moved out of recession what does this mean for businesses and consumers across the country? The truth is that there will be a significant lag between the econom...Read More
Has the death of the UK economy saved Gordon Brown?
On the back of the Glenrothes by-election victory many are now hailing Gordon Brown as the man who came back from the dead to reclaim his throne. Just six short months ago Gordon Brown was literally dead and buried with numerous knives in his back from those who believed he could trust and the UK voter having disowned him.
How ironic that the man who many believe caused the mess in...
Supermarkets attacked for price promotions and cost-cutting
The Institute of Sales Promotion (ISP) has today stepped forward with a damning report on the UK supermarket sector claiming that price promotions are "destroying brand strength and brand loyalty". The Institute has quoted figures which it claims show that over £14 billion was wasted on price promotions in 2009 with retailers using this particular ploy to attract more customers while allegedly "a...Read More