In one of the first major push backs against the EU as a free and independent country, the Government has confirmed that our drivers will avoid a hike in car insurance prices (of at least £50 a year) which is being rolled out across the rest of Europe under the EU ‘Vnuk law’.
The law which was designed to bring a wider range of vehicles into insurance, such as mobility scooters, golf buggies, quad bikes and used on private land ride-on law mowers was deemed a little unnecessary!
(anyone can insure these vehicles if they wish!)
The law also meant motorsports crashes would be considered in the same way as a regular road traffic accident, more crashes – higher insurance. For anyone who has watched motorsports, I am sure you can see how this would quickly bring the industry to its knees.
If this EU law had been implemented, the insurance industry would have been liable for much more by way of costs, something they had confirmed they would have passed onto the consumer.
Transport Secretary Grant Shapps said:
We have always disagreed with this over-the-top law that would only do one thing – hit the pockets of hard-working people up and down the country with an unnecessary hike in their car insurance. I am delighted to announce that we no longer need to implement it.
Scrapping this rule would save the country billions of pounds and is part of a new and prosperous future for the UK outside the EU – a future in which we set our own rules and regulations.
The question is now, will we stand firm or back down and follow suit as Europe rolls out this stern new rule.
For now it is looking good, saving motorists money, keeping our motorsports industry growing and making sure your grandparents aren’t too out of pocket if they want to nip to the shops on their mobility scooter.