IPT hike will increase ‘churn’ says AA boss as H1 revenue and trading Ebitda fall
The 58% increase in insurance premium tax to 9.5% from November is likely to increase churn in insurance and roadside assistance, according to AA executive chairman Bob Mackenzie.
Mackenzie made the comments following the publication of the group's interim results, which saw the insurance and roadside assistance group's revenue fall 1.4% to £484.6m in the first six months of
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