Ritchie opposes tax rise on insurance premiums

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Tuesday, December 13th, 2016
Margaret RitchieSDLP South Down MP Margaret Ritchie has spoken in Parliament to signal her opposition to the tax rise on insurance premiums outlined in the Chancellor’s Autumn Statement. Speaking to Newry Times, she said, “Raising taxes on insurance premiums is a regressive step that will hit the pockets of people who are already struggling to cope financially.
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30th-nov-2016-small-box“The tax rise will particularly hit young people and the elderly, the two groups who already pay the most for insurance and who are least able to bear further increases. “In Northern Ireland, particularly in rural constituencies like South Down, car ownership is not a luxury – it is a necessity. Article continues below: 2nd-dec-2016-big-boxShe added, “By increasing the costs of car insurance the Government is further taxing a necessity of everyday life. “They should look again at the decision and consider ways that revenue could be raised more fairly.”
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