Commenting on the Prime Minister’s speech from earlier today, Eric Galbraith, BIBA chief executive, said: “I agree it is the right time to have this debate given the significant changes and challenges in the EU over the years. We need a stronger voice in the EU decision making process given that policies have a direct impact on UK businesses and consumers. A good example of this is how the recent Test-Achats gender case impacted the insurance sector and consumers in the UK.

“We often travel to Brussels to engage with EU stakeholders on behalf of members and look forward to developing a closer understanding of how the Government seeks to take the agenda forward. Whilst there is uncertainty on the final outcome, I hope that in the coming months and years the re-negotiation will emphasise the PM’s commitment to the EU to create a more competitive and fairer market.”

Graeme Trudgill, BIBA head of corporate affairs adds: “BIBA is pleased that Mr Cameron’s speech highlighted how competitiveness is being weakened by unnecessary rules and regulation coming from Europe. New upcoming EU directives could have a significant impact upon insurance brokers. In order to allow the UK economy to grow and generate new jobs, the right balance must be struck in Europe between consumer protection and a proportionate regulatory framework.”

Share Story: