News Analysis: Ogden upheaval continues as government unveils fresh proposals

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Brokers have lamented the instability caused by the shock change to the Ogden rate and said, despite plans to legislate over how the figure is calculated, volatility could continue until the rate is reset from its current minus 0.75%.

The most recent stage in the discount rate rollercoaster saw new Lord Chancellor and Justice Secretary, David Lidington, unveil proposals to change how the rate is calculated. Experts suggested that if the steps are implemented the rate could settle at 1%.

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