Discount rate consultation: How should it be set?
On Wednesday, the Ministry of Justice published a long-anticipated consultation into the methodology used by the Lord Chancellor in setting the discount rate for personal injury damages. But what exactly is being consulted on, what options are being proposed or considered and what implications will this hold for claimants and defendants?
The consultation will draw to a close on 23 October 2012, with a second consultation to be published in the autumn to review the present legal basis for setting the discount rate.
Any reduction in the
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