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Calls have been made to cut a ‘hidden’ tax which is estimated to cost the public and businesses as much as £8 billion every year.<br/><br/>Insurance tax adds an extra 12 per cent on to most insurance policies - which means an average of £67 is added to premiums for car insurance.<br/><br/>This tax shoots up to more than £100 for household with a car when home insurance is added.<br/><br/>It comes after research of 2,000 adults with insurance found 31 per cent have no idea Insurance Premium Tax (IPT) even existed, while another 36 per cent only have a little knowledge about it. <br/><br/>And half are unaware about exactly how much gets added to their policy cost because of this tax. <br/><br/>Mervyn Skeet, director of general insurance policy at The Association of British Insurers, which has launched a campaign calling on the Chancellor to cut the tax levied on insurance, said: “It is high time we unmask this tax which penalises people and businesses for being responsible.<br/><br/>“This tax hits the poorest hardest because they normally spend more on insurance, such as home and motor cover, as a proportion of their income.<br/><br/>“Such a move would not only provide relief to hardworking families and businesses but also foster economic resilience.”<br/><br/>The study also found 49 per cent of those polled have become more conscious about how much they are spending on insurance since the start of the cost-of-living crisis. <br/><br/>As a result, 58 per cent have reduced cover or changed to a cheaper provider within the last 12 months. <br/><br/>While 26 per cent opted for a provider they had never heard of because they wanted to save money and 21 per cent removed additional extras they had previously included.<br/><br/>Now, 36 per cent are worried they might not have the appropriate level of cover in the event of an emergency. <br/><br/>Consequently, just six per cent of those polled, via OnePoll, who have taken out insurance would oppose a cut on this taxation. <br/><br/>Nearly seven in 10 (68 per cent) feel people are being penalised for being responsible and getting insurance, while 63 per cent are of the belief that taxing on essential items should be minimal. <br/><br/>As a result, the Association of British Insurers campaign has seen Plunge Creations, the costume makers of ITV’s The Masked Singer, create Snippy, a giant pair of scissors unmasking this ‘hidden’ tax ahead of the budget.<br/><br/>Mervyn Skeet added: “Since its introduction, Insurance Premium Tax has increased more rapidly than the tax rate applied to alcohol and gambling.3<br/><br/>“Today we call on the Chancellor to use next week’s Spring budget to cut the standard insurance premium tax rate.<br/><br/>“It penalises people for being responsible and a cut will help hard working households and businesses offset escalating costs and protect their families and livelihoods against sudden financial shocks. <br/><br/>“There has never been a better time for the government to show its support to the millions of homeowners and businesses who do the right thing by buying insurance.”
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40 per cent of NHS costs go on treating preventable conditions – such as diabetes, hypertension and high cholesterol. The burden of just one preventable disease – cardiovascular disease – costs society over £18 billion each year. Further, 63.5% of the nation is now classified as overweight or obese, according to the NHS. Despite this, new research by Uniquely Health shows that nearly half (45%) of people have not weighed themselves since the last leap year and over three quarters (79%) haven’t measured their waist circumference in that time. 70% of Brits haven’t had a general health check and 73% have not monitored their heart rate in that time The survey found that not even half (49%) of UK adults believe they would be classed as ‘healthy’ by a doctor or health/wellness expert. <br/><br/>Findings indicate that British people may be struggling to take control of their health, due to the challenges that modern life presents – from sedentary lifestyles, longer working hours, family pressures and poor food options available to so many people. Over a fifth (22%) of respondents said that finding time is a key barrier to making changes to their health, and 9 in 10 (90%) have not tried a holistic approach, combining a healthy diet with an exercise routine, in the past four years. 76% of adults prioritise other aspects of their life, with Gen X most likely to prioritise family (57%) and millennials most likely to prioritise career (25%), over their health. <br/><br/>The neglect of personal health and wellbeing could mean generally lower quality of life and that something preventable goes unmanaged, leading to the need for greater investment of time and money in health in the future.
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As the city council makes plans for the next financial year, a series of recommendations to set a balanced budget have been put forward by its executive team. This includes hike in council tax of almost 5%.
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Shrewsbury MP Daniel Kawczynski asked Prime Minister Rishi Sunak what could be done to help Shropshire Council deal with soaring adult social care costs.<br/>Mr Kawczynski raised the issue at PMQs in the House of Commons, pointing out that Shropshire has a \
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