The British Insurance Brokers’ Association (BIBA) has issued a letter in advance of November’s Autumn Statement, calling upon the Chancellor of the Exchequer to take account of a number of issues that affect brokers and their customers, including:
- Recent rises in Insurance Premium Tax (IPT).
- Flood defences.
- Insurance fraud.
- Regulation as a barrier to innovation.
- Provision of financial advice.
- The proposed exit of the United Kingdom from the European Union.
In its letter, BIBA also asked the Chancellor to take account of various points raised in relation to autonomous vehicles, apprenticeships, and a number of other matters relating to EU Exit.
Further details of the demands set out in BIBA’s letter can be found here: https://www.biba.org.uk/press-releases/biba-autumn-statement-demands/.