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-British finance minister urged to scrap proposed insurance tax increase
Mar 8, 2017 - Global Banking News

Global Banking News - 08 March 2017

Business groups have written to UK finance minister, Philip Hammond, urging him to scrap plans for a 2 percent rise in insurance premium tax (IPT).

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If the move is enforced, motor, home and pet policy holders will have to pay more from June. The Association of British Insurers, AA and the Federation of Small Businesses said, 'It is time to end this raid on the responsible and freeze IPT for the rest of this Parliament. Insurance is a bas

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