Consumers considering cutting coverage in wake of IPT rise
The government’s decision to hike insurance premium tax will trigger a surge in customers moving to new providers and cutting back on or cancelling policies, according to research by Consumer Intelligence.
The study, which polled 1057 people between 16 and 19 July, shows that 56% of customers will switch or consider switching once the tax rise takes effect in November, while 27% of customers will cancel
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