§ 31. Mr. Loughlin
asked the President of the Board of Trade what steps he intends to take in the matter of the proposed increases in premiums announced by leading insurers.
§ Mr. Anthony Grant
As I told the hon. Member for Pontypridd (Mr. John) on 16th July, we are not proposing to take any action on this matter.—[Vol. 803, c. 258.]
§ Mr. Loughlin
Does the hon. Gentleman recall that a short time ago some remarks were made by him and his hon. and right hon. Friends about holding down the cost of living? Is he now saying that he is to do nothing when there is a proposed 25 per cent. increase in insurance premiums for motorists? Will he not do something in this do-nothing Government?
§ Sir G. Nabarro
Is it not a fact that the object of the increase of 25 per cent. in motoring insurance is to make the whole operation financially viable and no more? Is it not a disastrous policy to cause insurance companies to lose money heavily due to the carelessness of motorists?