Changes & Challenges in the UK Tax Insurance Sector
Official figures published by the Office for National Statistics indicate that the UK economy has emerged from six years of relative stagnation to return to its pre-crisis peak. The UK economy is in fact now bigger than before the financial crash and, encouraged by this growth, market sentiment is largely positive.
This is welcome news for UK Insurance firms, and those who have strategically positioned themselves can now enact their forward planning and take advantage of economic growth. This is an opportunity for the Insurance industry, in particular long term savings providers, given the important role they play in boosting economic growth by facilitating the transfer of risk and capital around an economy, and supporting the consuming middle classes.
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