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Car insurance industry attacks IPT rise

Posted on September 16, 2010, 6:08 am, by Online Insurance Quotes, under General Insurance.

The car insurance industry has reacted angrily to the rise in insurance premium tax (IPT) announced in this week’s budget, accusing George Osborne of putting a tax on careful driving. The lower rate lf IPT will rise from 5 to 6 per cent, while the higher rate – which applies to holiday insurance.

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