Trade Voice: ABI’s Mervyn Skeet on why higher insurance bills may not be the hardest price rises to stomach
Mervyn Skeet, director of general insurance policy at the Association of British Insurers, argues that increasing home and motor insurance premiums need to be seen in a wider context of rising prices.
Cost of living rises are being acutely felt across supermarket shelves and in grocery bills. The cost of sugar is up by 42%, milk by 38%, cheese 34%, and pasta 24%.
The list goes on. Little wonder
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