Personal Injury Discount Rate: Exploring the option of a dual/multiple rate
Applies to England and Wales
Download the full outcome
Detail of outcome
The call for evidence closed on 11 April 2023 and a response document has now been prepared and published. The response document summarises the submissions received from stakeholders but does not include any specific policy proposals or commitments. The submissions, analysis and evidence will now be provided to the statutory PIDR Expert Panel for their consideration ahead of the next PIDR review to be completed in 2024.
Original consultation
Consultation description
This call for evidence examines the issues related to the introduction and use of a dual and/or multiple rate. It explores a variety of issues including whether different rates could be set for ‘heads of loss’ or by ‘duration of injury,’ as well as looking at dual/multiple rate models currently in operation in other jurisdictions.
The call for evidence is aimed at people with an interest in high value personal injury claims in England and Wales and how damages awarded are invested.
Documents
Last updated 12 September 2023 + show all updates
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Welsh translation of government response published.
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Government response published.
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First published.