Personal Injury Discount Rate: Exploring the option of a dual/multiple rate
This paper seeks evidence on how a dual/multiple personal injury discount rate system might work and what its effects on claimants and defendants might be.
Opened
17 Jan 2023
Closed
12 Apr 2023
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Linked documents
- Open Consultation Personal Injury Discount Rate: Exploring the option of a dual/multiple rate
- Government Response Government response
▤ Verbatim text from source document
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.