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Budgeting for insurance

Insurance price hike coming in November

Insurance tax increase announced in Summer Budget

In his Summer Budget on 8th July, the Chancellor of the Exchequer announced a major change to the insurance industry, which will affect millions of households in the UK - but with just a couple of sentences in George Osborne’s speech dedicated to the tax, it’s possible you may have missed it. The big change is an increase in insurance premium tax (IPT), a charge that is added to the cost...

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