To ask the Secretary of State for Transport, whether he has held discussions with the insurance industry on taking steps to help reduce motor insurance costs for young drivers in the context of increases in the cost of living.

My officials regularly liaise with representatives of the motor insurance industry and discuss issues as they arise. However, it is the responsibility of individual motor insurers to set their premiums and the terms and conditions of their policies, and the Government does not intervene or seek to control the market.

That said, analysis suggests that leaving the EU and removing the impacts of the Vnuk decision from UK law, is likely to have saved motorcar policyholders an increase of around £50 in their premiums.

The Government is determined that insurers should treat customers fairly and firms are required to do so under Financial Conduct Authority (FCA) rules.