| Regulatory Story | |||||
| Go to market news section |
|
||||
|
|||||
Personal injury compensation reforms announced
The Lord Chancellor and Justice Secretary, David Lidington MP, will later today lay draft legislation before Parliament to change the way in which the personal injury discount rate is set. If enacted, the draft legislation will change the way in which the personal injury discount rate prescribed under section 1 of the Damages Act 1996 is set. Based on the evidence currently available the Government would expect that if a single rate were set today under the new approach the real rate might fall within the range of 0% to 1%, but the new framework will only apply if the proposed law is enacted and will not operate retrospectively.
Further details of the reforms will be set out later today on the gov.uk website.
Ministry of Justice
7 September 2017
This information is provided by RNS
|
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. |
| © London Stock Exchange plc. All rights reserved |