The ABI has responded to 'The Growth Plan 2022' delivered today by the Chancellor of the Exchequer, Kwasi Kwarteng.
Hannah Gurga, ABI Director General says:
“As our country faces the toughest economic climate in a generation, we welcome the move to focus on growth and making our economy one of the most competitive in the world. As the Chancellor recognised, more can be done to unlock investment and the insurance and long-term savings industry has a vital role to play as institutional investors. We have long called for regulatory change to enable our sector to invest more in infrastructure that supports growth and the transition to Net Zero, and we look forward to hearing from the Government on Solvency II reform later in the autumn. We will continue to work with HM Government, regulators and our members to ensure this final plan meets everyone’s objectives.”
For further information, please contact the ABI Press Office