The scale of money laundering, fraud and other economic crime in the UK, is thought to run to tens or hundreds of billions of pounds per year. In December 2019 the Treasury Committee found various regulatory and legislative failings in the way in which these crimes were being tackled in the UK. It urged the Government to make improvements to the supervisory system and to introduce new powers to combat economic crime. The Government agrees about the need to tackle these crimes. It set out its overall approach in its July 2019 Economic Crime Plan. The Plan covers the years 2019-2022 and draws together all the work being conducted by the public and private sector. The Royal United Services Institute said that as at September 2020, 23% of actions in the plan had been completed, 59% were in progress, 9% were overdue, 6% of actions either had no due date or had been paused.
Documents to download
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Motor insurance: car or driver? (84 KB, PDF)
There is a general problem faced by young people in trying to get car insurance. It is very expensive. There are many reasons for this but the cost of providing care in the case of accidents is one and young people continue to have proportionately more accidents, and more costly ones for insurers to pay for, than other groups. The petition proposes that age should no longer be a determining factor and that it should be the car not the driver that is assessed.
This system does exist in other countries, the US and Portugal, but it is complex and variable in application and has features such as voluntary age restrictions which may do much to nullify the purpose behind the petition.
Documents to download
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Motor insurance: car or driver? (84 KB, PDF)
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