UK Government announces plan to scrap EU law, ensuring British drivers avoid £50 a year insurance hike

British drivers will avoid an estimated £50 a year increase in motor insurance costs as the government confirms it plans to do away with the controversial EU ‘Vnuk’ law, Transport Secretary Grant Shapps announced today (21 February 2021). The Vnuk law requires a wider range of vehicles than those such as cars and motorbikes to be insured, including ones previously not requiring insurance, such as golf buggies, mobility scooters and quad bikes. The law also extends to vehicles on private land, meaning people with a ride-on lawnmower at home would require insurance where it would have previously…

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HEDGE accordingly