Axa's Graham Harvey: How the Budget impacts protection

For advisers and their clients, the impact of any Budget is usually more strongly felt in the areas of pensions and investments, but what about protection? Impacts here tend to be less direct but, as we all know, failing to take out adequate cover can have dire financial consequences. The rise in VAT will hit most people's pockets, which could prove challenging for advisers. If clients are spending more on their outgoings whilst having to take pay freezes or cuts in benefits, it could persuade people to make cutbacks themselves. And, as we all know, the first items to go in times o...