Insurance body sheds no tears for ousted ministers
A UK insurance industry group has expressed cautious optimism after the cabinet ministers that increased an unpopular tax on premiums lost their seats in the 8 June General Election. Simon Kirby, previously city minister, insurance minister and economic secretary to the treasury, along with Jane Ellison, who was the financial secretary to the treasury, were ousted in the vote. The two ministers had not been "particularly helpful" to the insurance sector, according to Graeme Trudgill, executive director of the British Insurance Brokers’ Association. Trudgill added that he hoped the new government would pursue a soft Brexit policy.
Executive director Graeme Trudgill says trade body is ready to greet the new ministers and get back to business.

Graeme Trudgill, executive director of the British Insurance Brokers’ Association (Biba) has said that the trade body can’t wait to get back to business following the General Election on 8 June.

The election resulted in a hung parliament, with the Conservatives being the largest party.

Commenting on the result, Trudgill said: “It’s extremely interesting and there’s obviously a lot of uncertainty yet as to what’s going to happen in the next 24 to 48 hours.”

IPT

According to Trudgill the stand