Has the Chancellor revived the whiplash reform programme?

Yesterday’s budget marks just over two years since former Chancellor George Osborne announced, in his 2015 Autumn Statement, significant reforms to damages for whiplash claims and five-fold increase in the small claims limit for road traffic injury cases. Material released by the Treasury yesterday appears to indicate that Government expects to implement these reforms before April 2019.

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General insurance issues in Budget 2016 – brief summary

The key insurance issue in today’s Budget is probably the increase in Insurance Premium Tax of half a per cent, from 9.5% to 10%, applying from 1 October 2016. As regards the ‘compensation culture’, two topics points are noteworthy, first the repetition of the Autumn Statement reforms and second a big change in the way claims management companies are to be regulated and monitored, with the FCA to step in to oversee the sector.

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