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Ogden decision to be published on Thursday

westminster parliament

The government's response follows the consultation on how the discount rate should be set in the future.

The government is set to publish its response to the consultation on how the discount rate should be set on Thursday 3 August.

The consultation, which ran between 30 March and 11 May this year, was launched following outcry from the industry after then Lord Chancellor and Justice Secretary Liz Truss cut the rate from 2.5% to minus 0.75% in February.

The day after the news of the changing Ogden rate hit, 15 insurer CEOs met with the Chancellor of the Exchequer Phillip Hammond to fight the

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