Pool Re fee hike to add £175mn to UK coffers from 2015/6
The UK Treasury has detailed the fiscal impact of the fivefold
increase in fees it will receive from state-backed terrorism mutual
Pool Re from 1 January 2015.
Under the new calculations, published in the Treasury's
autumn statement today (3 December), the UK government said it
expected to receive an extra £50mn for this fiscal year
(2014-15), and £175mn more for each year after that.
The figures follow the negotiations between the Treasury and
Pool Re, which came to a head...
Read more »