§ 49. Mr. Hamlingasked the Secretary of State for Trade and Industry whether he will set up an inquiry into the question, of motor insurance.
§ Sir G. HoweNo. I am not aware-of any problems that cannot be dealt 11W with by the normal processes of consultation and discussion, without the need for a formal inquiry.
§ Mr. Arthur Lewisasked the Secretary of State for Trade and Industry whether he is aware that during the past 12 months some insurance companies have increased their car insurance premiums by as much as 110 per cent.; and to what extent the Government's policy of restraint will apply to such items of expenditure.
§ Sir G. HoweIt is in the interests of their policy holders that motor insurers should increase their premiums rather than run the risk of insolvency. The standstill applies to motor insurance premiums. Any applications for increases will be strictly scrutinised by my Department, as indicated in the White Paper (Cmnd. 5125).