Shock IPT raise - more reaction

- James Verrinder
- 09 Jul 2015
- Indicative reading time: 4 minutes

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The insurance sector is still reeling after George Osborne's Budget announcement to raise insurance premium tax by more than 50% from 6% to 9.5%.

Osborne's announcement yesterday caught the industry by surprise, and it has continued to voice its disapproval today.

Vibhu Sharma, CEO of UK general insurance at Zurich told Post: "We support the

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