CHOs slam decision to refer motor market to Competition Commission

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Credit hire operators have called for resources to be redirected to improving the Association of British Insurers-backed general terms of agreement rather than towards an investigation by the Competition Commission into the "dysfunctional" motor insurance industry.

Following the Office of Fair Trading's provisional decision to refer the sector to the Competition Commission, Post has learnt that such an inquiry could take two years and cost the taxpayer up to £3m

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