Seven takeaways for the insurance industry from Labour’s Budget

UK budget

Chancellor of the Exchequer Rachel Reeves delivered the hotly anticipated first Budget of the new Labour government on Wednesday afternoon. Insurance Post picks out the most eye-catching points for the insurance industry.

Among the details of a Budget that the Chancellor said would raise taxes by £40bn were updates on the forecast tax haul from Insurance Premium Tax, pothole repairs and spending on flood defences.

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Five charged over collapse of law firm Axiom Ince

The Serious Fraud Office has charged five men, including two solicitors, with offences including fraud, forgery and the destruction of documents, following the collapse of the law firm Axiom Ince and alleged improper use of more than £60m of client money.

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