News articles
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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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Pensions tax relief – time to end the salami-slicing says the ABI
22/10/2018
Ahead of the Budget, the ABI is calling for an end to the salami-slicing approach to cutting pensions tax relief and says that it is ready to work with government on any longer-term reforms. Since…
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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…
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Budget reveals massive Discount Rate hit on NHS and inflation
08/03/2017
Commenting on references to the impact of the recent reduction in the Discount Rate in today’s Budget, Huw Evans, Director General of the Association of British Insurers, said: “Today’s…
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Government Industrial Strategy: "The insurance and long-term savings industry has a central role to play"
23/01/2017
ABI spokesman said: "The insurance and long-term savings industry is a powerhouse, driving and underpinning UK economic growth, and has a central role to play in the Government’s Industrial Strategy…
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Insurers look to new horizons on international trade
21/11/2016
Eight priority markets identified The insurance and long-term savings industry can be a frontrunner in the race to get the most out of new international trade deals, Huw Evans, Director General of…