Treasury statement over major price changes and 'subsidies' for these households
Inflatie
The Treasury has released a statement regarding major changes to car insurance . This follows a recent MP meeting where the Government was urged to take further action in reducing motor insurance costs. Motor insurance bills have seen an increase beyond the rate of inflation in 2022 and 2023. The average bill for a comprehensive policy reached its peak in the first quarter of 2024 at £635 annually. Industry figures indicate a decline in prices since then, with the average premium dropping to £
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