Throwback Thursday: IPT increase; Miller’s cable cars
Insurance Post’s Throwback Thursday steps back in time to March 1998 to remind you what was going on this week in insurance history when chancellor Gordon Brown hiked insurance premium tax and Miller was connecting the East End.
19 March 1998: Brown’s IPT blow
Chancellor Gordon Brown, who succeeded Tony Blair as prime minister in 2007, raised the rate of insurance premium tax for travel insurance to 17.5%.
The move dismayed
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