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Leaving IPT untouched in Spring Budget a 'missed opportunity' says Biba

Rishi Sunak

The British Insurance Brokers' Association has warned leaving insurance premium tax at its current level will act as a disincentive to buy adequate insurance after the tax went unmentioned in the Spring Budget.

In January, with the launch of its 2022 manifesto, the British Insurance Brokers’ Association urged the government to cut the insurance premium tax to 10% in the Spring Budget in light of the current

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