The Budget
Postbox: A Budget tax warning
With the new coalition government currently reviewing spending and revenue, many forecasters believe that the 5% tax rate on general insurance will be at least doubled in the emergency Budget due on 22 June.
Editor's comment: Brit offer makes waves
Last week, Brit Insurance certainly made waves on the Stock Exchange when its share price rocketed on news that US private equity house Apollo was sniffing around the business and had made a £10 per share cash offer.
Biba calls for IPT freeze
The British Insurance Brokers’ Association is urging the government not to increase the 5% rate of insurance premium tax on insurance products in its Budget on 22 June.
Chancellor confirms 22 June Budget
An emergency Budget will be held on Tuesday 22 June, the Chancellor announced today.
Budget 2010: Broker IPT burden significantly reduced
Broker trade bodies the British Insurance Brokers’ Association and the Institute of Insurance Brokers have both expressed their satisfaction following the publication in today’s Budget of the final legislation extending the scope of insurance premium tax.
Budget 2010: Darling to “double” entrepreneurs CGT relief
Chancellor Alistair Darling has revealed that the government will double entrepreneurs relief for capital gains tax.
Insurers await UK Budget Report
Insurers are waiting to see the impact of tomorrow’s Budget on insurance premium tax.
Former Woodstock director returns with personal lines consolidator
Invicta Insurance Services, a new broking service provider, has been launched by Steve Gamage, the former operations manager at Woodstock Insurance Brokers.
New senior manager appointed at BGL
Nik Hobson has been appointed as senior manager for panel development. Mr Hobson’s appointment brings the panel development team up to 17, compared to seven employees 18 months ago.
