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_calls-made-to-cut-hidden-insurance-tax-estimated-to-cost-public-and-businesses-8-billion-every-year.webp "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.”")
⏲ 0:44 👁 22.2M
_this-fan-forgot-they-were-live-and-did-this.webp "Hyperloop")
_mother-takes-dress-off-and-strips-naked-in-public.webp "ENFStation")
_local-public-transport-workers-begin-39warning-strikes39-across-germany-disrupting-commuters.webp "As contract talks continue, numerous German cities are bracing for additional warning strikes and demonstrations, with climate activists also participating.")
⏲ 1:0 👁 23.2M
_public-enemy-fight-the-power-uncensored-soundtrack-version.webp "Jay Sussex")
_omg-she-gets-undressed-in-public-for-just-3620.webp "Wonder Woman")
_tower-hamlets-budget-meeting-descends-into-chaos-with-councillors-accused-of-racism-and-public-removed.webp "London borough under investigation over concerns about how it is being run saw its budget meeting \")
⏲ 2:28 👁 23.8M
_girls-flashing-the-camera-in-public-for-36100.webp "NerdBallerTV")
_dange-review-harshvardhan-rane-ehan-bhat-nikita-dutta-starrer-is-an-entertaining-college-drama.webp "Dange Review: Harshvardhan Rane, Ehan Bhat, Nikita Dutta Starrer Is An Entertaining College-Drama. To know More About It Please Watch The Full dange Review Till The End. <br/> <br/>#Dange #DangeReview #HarshvardhanRane #EhanBhat <br/> <br/><br/>~PR.262~ED.141~PR.264~")
⏲ 3:53 👁 7.9M
_manchester-headlines-29-february-transport-for-greater-manchester-plans-to-improve-three-greater-manchester-towns.webp "Headlines for Manchester February 29: Transport for Greater Manchester plans to improve three Greater Manchester towns, 700+ jobs available at Manchester Airport fair & Manchester to host MTV European Music Awards 2024.")
⏲ 0:55 👁 4.8M
_article-370-box-office-yami-gautams-film-collects-rs-38-82-crore-in-its-first-week-in-india.webp "Article 370 is a compelling political thriller skillfully directed by Aditya Suhas Jambhale. Starring Yami Gautam in the lead role, this film made its theatrical debut on February 23. Remarkably, within seven days of its release, it has already surpassed the Rs 35 crore mark at the domestic box office, all thanks to positive word-of-mouth. Audiences have been captivated by the film's compelling narrative and the stellar performances delivered by its cast.")
⏲ 1:37 👁 3.7M
_manchester-headlines-28-february-plans-to-bring-metrolink-to-more-areas-of-stockport.webp "Headlines for Manchester February 28: Plans to bring Metrolink to more areas of Stockport, Nine Greater Manchester buildings shortlisted for architecture awards & Master plan to improve Stockport.")
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