Health insurance industry relieved by Budget

Spring Budget 2020

Adam Saville
clock • 3 min read

AMII, BIBA and CII react to Chancellor’s decision not to increase insurance premium tax (IPT) in Budget

Leading members of the health insurance industry have welcomed the Chancellor's decision not to intensify the tax burden placed on health insurance in the face of troubling economic times ahead. Association of Medical Insurers and Intermediaries (AMI) executive chairman Stuart Scullion said: "We are pleased that Chancellor Rishi Sunak [pictured] has not increased Insurance Premium Tax (IPT) - it would have been an easy decision to hit long-suffering employers, employees and consumers as a means of raising tax revenues. "Against the current global health backdrop of the COVID-19 outbre...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on PMI

General and Medical Healthcare joins amii
PMI

General and Medical Healthcare joins amii

PMI provider

Jaskeet Briah
clock 04 November 2024 • 1 min read
Benenden Health names Tom Woolgrove as CEO
PMI

Benenden Health names Tom Woolgrove as CEO

Former CII president

Jaskeet Briah
clock 29 October 2024 • 1 min read
Societal ageing and climate change adding to healthcare challenges
PMI

Societal ageing and climate change adding to healthcare challenges

AXA research shows

Jaskeet Briah
clock 14 October 2024 • 2 min read