ABI wants ‘urgent’ action following Conservative Party success in General Election

Written by Adam Cadle

13/12/2019

The ABI has said it is committed to working with the new government, but warned there are "urgent" challenges ahead particularly around investing in the changes necessary to tackle climate change.

The Conservatives won the General Election with a comfortable majority of 80, having won 365 seats, crushing Jeremy Corbyn’s Labour.

ABI director general Huw Evans said: "We congratulate the Prime Minister and Conservative party on winning the 2019 General Election. We are committed to working with it on behalf of our world-leading insurance & long-term savings market and its customers.

“There are urgent challenges facing the newly elected government where we can help deliver much-needed reform, whether it is ensuring we have a retirement market that serves for our ageing population, much-needed reforms to fire safety to protect vulnerable people or investing in the changes necessary to tackle climate change. I hope new ministers face into these issues with a sense of urgency.

“Having been given a renewed mandate to leave the European Union, the Government now needs to focus on how it ensures an orderly withdrawal and a sustainable future relationship with our European neighbours. Such a relationship should not involve becoming a long-term rule-taker of the Single Market we will be leaving in six weeks’ time.”

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