Ringrose Law were yet again disgusted at the Governments further increases in Insurance Premium Tax (IPT) in yesterday’s Budget. When IPT When this was last increased only 4 months ago it was with the promise that it would not passed onto customers. Anyone who has renewed an insurance policy recently and asked why they had a say 10% increase in policy premium (without any claims) will most probably have been told that it is due to the Government increasing IPT.
These recent increases in IPT go completely against the Governments somewhat hollow pledge to reduce insurance premiums and combined with their proposals to remove some people’s ability to claim for whiplash injuries, and the possibility of raising the small claims limit to £5,000, are an absolute disgrace.
APIL (Association of Personal Injury Lawyers) completely agree as per their press release below.