3rd Report - Pre-legislative scrutiny: draft personal injury discount rate clause
- HC No.
- HC 374
- Published
- 30 Nov 2017
- Items
- 0
- Response
- Response document linked Read government response ↗
Select Committee · Justice Committee
Pre-legislative scrutiny: draft personal injury discount rate legislation inquiry
Status: Closed
Opened: 14 Sep 2017
Closed: 8 Oct 2019
1 report
Inquiry scope
Report: Pre-legislative scrutiny: draft personal injury discount rate clause (PDF 603KB) Report: Pre-legislative scrutiny: draft personal injury discount rate clause Read the Government response The Government proposes to maintain the principle that claimants should receive 100% compensation for losses they incur. It proposes that the discount rate applicable to lump sum damages invested by claimants should no longer be set with reference to returns from Index Linked Government Securities. Instead the draft legislation provides that the discount rate should be set on the assumption that claimants will invest lump sums in "low risk" investments, and having regard to actual investments made by claimants.Reports
Oral evidence sessions
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| Date | Session and witnesses | Source |
|---|---|---|
| 1 Nov 2017 | No witnesses recorded | View ↗ |
Correspondence
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