Biba urges Chancellor not to raise IPT in the Budget

Biba chief executive Eric Galbraith

The trade body argued against any rise in order to avoid a further taxation of protection through additional insurance costs for customers at a time when income and business margins are tight.

The call came in Biba's submission to the Chancellor, George Osborne, which focused on the need to recognise the importance of risk management and insurance protection to assist growth and business resilience.

Eric Galbraith, Biba's chief executive, highlighted the value of general insurance brokers in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: