The Government should cut a tax that adds to the cost of insurance policies and boost investment in flood defences in the spring Budget, to ease the impact of the cost-of-living crisis and protect households, brokers have urged.The British Insurance Brokers’ Association (Biba) said the measures it is calling for could “make a difference” to people as they struggle with the cost of living.It has called for a cut to the headline rate of insurance premium tax (IPT) from 12% to 10%.Biba…
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Call for insurance tax cut and flood defence investment boost to help households
