{"id":72277,"date":"2017-11-20T07:01:14","date_gmt":"2017-11-20T00:01:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurers-fear-tax-rise-in-raid-on-the-responsible\/"},"modified":"2017-11-20T08:08:37","modified_gmt":"2017-11-20T01:08:37","slug":"insurers-fear-tax-rise-in-raid-on-the-responsible","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurers-fear-tax-rise-in-raid-on-the-responsible\/","title":{"rendered":"Insurers fear tax rise in 'raid on the responsible'"},"content":{"rendered":"


\nAssociation of British Insurers says chancellor should resist further increases to insurance premium tax, which has doubled since 2015 The government is being urged to avoid \u201cpenalising\u201d families and businesses with another hike in the tax on insurance policies, amid speculation that Philip Hammond may be planning a fresh increase in Wednesday\u2019s budget.Insurance premium tax (IPT), which is added to more than 50m general insurance policies each year, including those for cars, homes and private medical cover, rose to 12% earlier this year \u2013 which means it has doubled since 2015. However, the Association of British Insurers (ABI) said it was concerned that the government may be planning what it described as another \u201craid on the responsible\u201d \u2013 the people who buy insurance in order to take care of their health, their belongings and their families. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Insurers fear tax rise in ‘raid on the responsible’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Association of British Insurers says chancellor should resist further increases to insurance premium tax, which...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-72277","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-iNL","jetpack-related-posts":[{"id":42689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-premiums-at-highest-level-ever-say-insurers\/","url_meta":{"origin":72277,"position":0},"title":"Car insurance premiums at highest level ever, say insurers","date":"February 3, 2017","format":false,"excerpt":"\r Association blames whiplash claims, repair bills and rise in insurance premium tax for rise at more than five times rate of inflationCar insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the Association of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-car-insurance-premiums-up-8-in-a-year\/","url_meta":{"origin":72277,"position":1},"title":"Average UK car insurance premiums up 8% in a year","date":"April 21, 2017","format":false,"excerpt":"\r Association of British Insurers says typical cover is now \u00a3462 as whiplash claims and tax hikes hit motorists hardHigher taxes and whiplash claims have pushed the average car insurance premium up by 8% over the last year, adding \u00a334 to the average annual cost for drivers, according to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-car-insurance-in-uk-hits-record-high-after-11-jump-in-12-months\/","url_meta":{"origin":72277,"position":2},"title":"Cost of car insurance in UK hits record high after 11% jump in 12 months","date":"July 18, 2017","format":false,"excerpt":"\r Changes to compensation rules and rise in insurance premium tax blamed, as drivers pay \u00a3484 on average for annual policyThe cost of car insurance has soared by 11%, nearly four times the rate of inflation, over the past year, taking the cost of motor cover to a record high.UK\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-insurance-premiums-to-rise-to-600-after-tax-hike\/","url_meta":{"origin":72277,"position":3},"title":"Car insurance premiums to rise to \u00a3600 after tax hike","date":"November 26, 2016","format":false,"excerpt":"\r AA warns of soaring costs from June following autumn statement announcementCar insurance premiums are set to break through the \u00a3600 barrier for the first time next year as insurers pass on higher costs and this week\u2019s premium tax hike, experts are warning. On Wednesday the chancellor, Philip Hammond, announced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78125,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-rough-ride-for-drivers-as-insurance-costs-set-to-soar\/","url_meta":{"origin":72277,"position":4},"title":"A rough ride for drivers as insurance costs set to soar","date":"January 27, 2018","format":false,"excerpt":"\r The \u2018average\u2019 premium now stands at \u00a3481, with the north-west the costliest region followed by Northern Ireland and LondonWhen your car insurance renewal letter next lands on your doorstep, you could be in for a nasty shock.Costs have risen to a new high, according to the Association of British\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45084,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/critical-illness-insurance-the-neglected-cover-that-could-be-crucial\/","url_meta":{"origin":72277,"position":5},"title":"Critical illness insurance: The neglected cover that could be crucial","date":"December 7, 2013","format":false,"excerpt":"\r Critical illness cover \u2013 which pays out if you get a life-threatening illness \u2013 has a bad reputation. But is it time to look again?Critical illness cover used to be the bad boy of the protection insurance world. This is a type of insurance that should pay out a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72277"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=72277"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/72277\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=72277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=72277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=72277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}