Insurers to save £2bn as Vnuk law set to be axed by the end of June
The controversial Vnuk law, which could have created an extra £2bn a year of costs for the insurance sector, is expected to be axed by the end of June as Motor Vehicles Bill passes through House of Lords’ committee stage with no amendments.
The Motor Vehicles (Compulsory Insurance) Bill, aims to amend retained European Union law relating to compulsory insurance for the use of motor vehicles, and for connected purposes.
It was introduced
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