Phil Cowell: Act fast and nullify the impact of IPT rise

The post-Brexit economy continues to cause a lot of uncertainty for UK businesses and the latest insurance premium tax (IPT) increase - to 12% - threatens only to intensify cost pressures, especially for smaller organisations. This is the third increase in the space of just 18 months, with the latest rise doubling the tax from its 6% level in October 2015. The increase will undoubtedly put businesses under further financial stress, with many considering policy reductions to counterbalance the higher premiums. Businesses already struggling to keep on top of their finances may be tempte...