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. Trudgill, 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 Simon Kirby, executive director of the British Insurance Brokers’ Association. Simon Kirby added that he hoped the new government would pursue a soft Brexit policy.
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.