In This Issue
Row over selling puppies in pet shops rages on
£7m factory plan by Natures Menu would create 30 jobs
Pooch & Mutt selected to work with The Times and Not On The High Street founder Sophie Cornish
London Pet Show featured on The Apprentice last night
Beco Pets makes prime-time TV debut on The Apprentice
PATS Telford action can now be seen on video
Dates and venue fixed for AQUA 2017
New Pets at Home store opens in Lancashire
Hancock the superhero cat survives horror fall
Pet owners could see their insurance costs rise
Wheelchair tennis star agrees sponsorship deal with Pets Corner
Pet food brand IAMS issue fireworks advice
Bonfire Night Warning: Garden hedgehogs at risk
New small animal housing range launched by the makers of Rotastak
Radio Systems Corporation strengthens customer relations
Staff dress up as pet shop celebrates 40th birthday
Bethan gets a ‘Cani’ Gold in the Europeans
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Pet owners could see their insurance costs rise

A family with two cars, a pet and medical insurance could see their insurance costs surge by around £100 a year after a tax increase comes into force at the weekend, the Association of British Insurers (ABI) is warning.

Millions of people, including motorists, home owners and pet owners face seeing their insurance costs increase.

The standard rate of Insurance Premium Tax (IPT) - the tax paid each time an insurance policy is purchased in the UK - will increase from 6% to 9.5% from November 1, as announced in the summer Budget.

The ABI said the change will affect 7.3 million car policies, 4.7 million household policies, three million pet policies and three million private medical insurance policies.

Any of the affected insurance policies with a start date after October 31 will have IPT charged at the new rate.

The ABI warned that the change is likely to add:

  • Nearly £13 to the average comprehensive motor insurance policy
  • More than £10 to the average combined building and contents coverMore than £10 to average pet insurance
  • More than £40 to average private medical insurance

James Dalton, director of general insurance policy at the ABI, said: “Millions of people face being hit in the pocket by this rise.”

The increase is expected to bring in an additional £8.1 billion for the Treasury by 2021.
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