I certainly don't want to turn this into a 'Party Political Broadcast' as I have worked in financial markets for the past 25 years, but completely agree with Mike.
It is pure greed by the various companies involved, nothing more and nothing less, with companies such as car insurer Admiral already forecast to make almost £300 million of profit next year. No doubt this greed also extends to other vital services we cannot do without, such as water, gas and electricity, where it is almost morally obscene that our news seems to be filled with stories of ever constant price rises to levels that ordinary people can no longer afford in these difficult economic times, yet where Scottish & Southern Energy report pre-tax profits of £2.1 billion last year, Centica (gas) £2.8 billion, National Grid (Elec) £2.6 billion.
When is enough enough and will car insurance go the same way, as we have no choice but to buy it, whatever the cost ?
........OK, soapbox away now !