The European Commission (EC) is likely to take further action against the British government for not properly implementing EU insurance directives, according to MEP Roy Perry.

A decision from the EC was expected on 18 December, but has now been postponed until around 20 January.

Last December, the EC gave notice to the UK government that it was considering taking action that could see the matter being taken to the European Court of Justice.

In October Perry presented a report to the EC Petitions Committee, alleging successive UK governments had failed to properly apply EU insurance Directives - particularly 73/239 - in relation to Lloyd's.

Perry said: "It is fairly clear the commission is intending to propose further formal letters of notice. It is very much still on the cards."