News articles
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As motor premiums continue to rise, time for Insurance Premium Tax to fall
30/01/2020
The ABI’s latest Motor Insurance Premium Tracker out today highlights that the average price paid for comprehensive motor insurance in the last quarter 2019 rose to its third highest quarterly level since ABI started collecting the data back in 2012.
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Responsible people deserve a break – ABI calls for a cut in the ‘mother of all stealth taxes’
23/10/2019
Families and firms could be £100 a year better off if the Government does the right thing and cuts the rate of Insurance Premium Tax The Association of British Insurers (ABI) is urging the…
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Budget 2018 – ABI initial response
29/10/2018
Commenting on today’s Budget, Huw Evans, Director General, Association of British Insurers, said: On no further increase in the rate of Insurance Premium Tax “We are pleased that the Chancellor has…
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Insurance Premium Tax rakes in a record £1.35bn for Government in one month
26/10/2018
Industry urges no more increases to the “mother of all stealth taxes” The Government is being urged to freeze Insurance Premium Tax (IPT) at the forthcoming Budget, after HMRC figures revealed that…
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Relief for drivers as average motor insurance premiums continue to drop
25/10/2018
Average motor premium drops for third quarter in a row, to £471 Strong progress of Civil Liability Bill possible cause of the fall Lower costs only sustainable if Government leaves Insurance Premium…
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“A raid on the responsible is the wrong way to balance the books”
10/10/2018
#IPTsUnfair campaign relaunches ahead of Budget The Chancellor is being urged not to further penalise responsible insurance customers in this month’s Budget as he looks to balance the Government’s…