Are any more IPT rises expected?
The rate didn't change in the Autumn Budget of 2017, so for now the rate remains at 12%. But it is possible that it could increase again in the future as there have been several increases in the last few years. All eyes will be on the next Budget.
The ABI is continuing to encourage the government to keep IPT down, as it’s those who can less afford the rate, such as young drivers and low income families that are most hard hit.