Chancellor is urged to slash the £7BILLION stealth tax on insurance policies from industry's trade...

📆 15/10/2023 5:55 a. m.

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Chancellor Jeremy Hunt was asked on BBC Breakfast about calls by senior Conservative politicians to cut taxes. He replied that if they 'were to give a big tax cut this year it would be inflationary'.

📆 15/10/2023 5:55 a. m.
📰 DailyMailUK

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Association of British Insurers has asked Jeremy Hunt to slash stealth tax. Insurance premium tax receipts hit record levels due to soaring cost of cover. Cut in next month's Autumn statement would help businesses cope better.

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Chancellor is urged to slash the £7BILLION stealth tax on insurance policies from industry's trade...Chancellor Jeremy Hunt is facing calls to cut the tax levied on insurance premiums by The Association of British Insurers as insurance premium tax (IPT) receipts hit record levels.
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