Discount rate review set to begin

The Houses of Parliament

Lord Chancellor and Justice Secretary David Gauke will announce the move later today, with a decision on the rate to follow on or before 5 August.

The first review of the personal injury discount rate will start today (19 March), according to a statement on the London Stock Exchange.

Lord Chancellor and Secretary of State for Justice David Gauke is set to make an announcement confirming the news later today.

The statement detailed that the Civil Liability Act 2018 requires the Lord Chancellor to conduct the review and determine whether the rate should be changed or kept at its current level within 140 days.

This means the decision must

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Collegiate’s Richard Turnbull

Collegiate managing director Richard Turnbull expresses disappointment with the return of the ‘pay-to-play’ model in broking, surprise at Aon’s acquisition of Griffith & Armour and considers whether 2024 was the ‘era of repeating past mistakes’.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: