HM Treasury written question – answered at on 27 April 2017.
Dan Jarvis
Labour, Barnsley Central
To ask Mr Chancellor of the exchequer, what plans he has to regulate insurance premiums to protect the no-claims bonus for people who make a claim for no fault of their own.
Simon Kirby
The Economic Secretary to the Treasury
The Government is determined that insurers should treat customers fairly and firms are required to do so under the current regulator, the Financial Conduct Authority.
The Government keeps all policy under review and it will be for any new Government to set the direction of future policy on insurance premiums.
Yes5 people think so
No7 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
