Personal injury discount rate: how it should be set in future
This consultation relates to how the personal injury discount rate, currently prescribed by the Lord Chancellor, should be set in future.
Detail
This consultation forms part of the review of the framework under which the personal injury discount rate is set.
The paper considers possibilities for how, when and by whom the discount rate should be set, but does not make specific proposals.
The core issues examined in the consultation paper are:
- what principles should guide how the rate is set?
- how often should the rate be set?
- who should set the discount rate?
The paper also considers whether sufficient use is being made of periodical payment orders.
The consultation is aimed at people and organisations with an interest in personal injury claims and damages in the UK
Documents
Government response to the report of the Justice Select Committeeapplication/pdfGovernment response to the report of the Justice Select Committee (Print version)application/pdfConsultation responseapplication/pdfConsultation response (Print version)application/pdfCommand Paper on draft legislationapplication/pdfCommand Paper on draft legislation (Print version)application/pdfGAD personal injury discount rate Analysis application/pdfBIICL briefing note on the discount rate applying to quantum in personal injury cases: comparative perspectivesapplication/pdfCorrespondence relating to the review of the discount rate 2017 application/pdfImpact assessmentapplication/pdfConsultation response (summary of responses and conclusions/next steps)(Welsh)application/pdfCommand Paper on draft legislation (summary of proposals) (Welsh)application/pdfInvestment portfolios: summary of analytical information 1application/pdfInvestment portfolios: summary of analytical information 2application/excelInvestment portfolios: summary of analytical information 3application/pdfInvestment portfolios: summary of analytical information 4application/excel