ABI calls for IPT freeze in Autumn Statement
ABI warned that any further IPT hike could result in some people reducing or dropping their insurance cover completely.
The government must use the Autumn Statement to "stop this raid on the responsible" by freezing the rate of Insurance Premium Tax (IPT), the Association of British Insurers (ABI) urged.
The trade body made the comments as the Chancellor of the Exchequer Philip Hammond prepares to make his first major announcement in the Autumn Statement on 23 November.
The ABI called on the government to keep IPT as low as possible for the millions of families who are "just managing".
Raid
"It is time to stop
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