Chancellor’s IPT freeze welcomed 

Alex Perry, CEO, Bupa UK Insurance

Insurance providers and intermediaries have expressed relief after insurance premium tax (IPT) was not raised in the Autumn Budget, having previously warned further rises would put strain on the NHS. In Monday’s (29 October) Budget, Chancellor Philip Hammond kept IPT rates at 12%, following an increase of almost 100% from 6% since 2015. Earlier this…

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