Consultation outcome

Personal injury discount rate: how it should be set in future

This consultation has concluded

Download the full outcome

Government response to the report of the Justice Select Committee

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Government response to the report of the Justice Select Committee (Print version)

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Consultation response

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Consultation response (Print version)

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Command Paper on draft legislation

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Command Paper on draft legislation (Print version)

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GAD personal injury discount rate Analysis

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BIICL briefing note on the discount rate applying to quantum in personal injury cases: comparative perspectives

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Correspondence relating to the review of the discount rate 2017

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Impact assessment

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Consultation response (summary of responses and conclusions/next steps)(Welsh)

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Command Paper on draft legislation (summary of proposals) (Welsh)

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Investment portfolios: summary of analytical information 1

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Investment portfolios: summary of analytical information 2

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Investment portfolios: summary of analytical information 3

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Investment portfolios: summary of analytical information 4

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Detail of outcome

The documents published comprise the government response to the consultation on how the personal injury discount rate should be set in future, which sets out the responses received to the questions raised and the government’s conclusions on the way forward in the light of those responses;

  • a Command Paper seeking views on draft legislation which embodies those conclusions
  • an impact assessment
  • reports by the Government Actuary’s Department and the British Institute of International and Comparative Law
  • correspondence relating to the setting of the discount rate in February 2017

Also published, the response to the Justice Select Committee’s report ‘pre-legislative scrutiny: draft personal injury discount rate clause’. It sets out the government’s response to the Committee’s recommendations.

Original consultation

Summary

This consultation relates to how the personal injury discount rate, currently prescribed by the Lord Chancellor, should be set in future.

This consultation was held on another website.

This consultation ran from
to

Consultation description

This consultation forms part of the review of the framework under which the personal injury discount rate is set.

The paper considers possibilities for how, when and by whom the discount rate should be set, but does not make specific proposals.

The core issues examined in the consultation paper are:

  • what principles should guide how the rate is set?
  • how often should the rate be set?
  • who should set the discount rate?

The paper also considers whether sufficient use is being made of periodical payment orders.

The consultation is aimed at people and organisations with an interest in personal injury claims and damages in the UK

Published 30 March 2017
Last updated 20 March 2018 + show all updates
  1. Government’s response to the Justice Select Committee’s report 'pre-legislative scrutiny: draft personal injury discount rate clause' published.
  2. Investment portfolios: summary of analytical information published.
  3. Consultation response published.
  4. First published.