City minister hints at significant Ogden row-back

UK City minister Stephen Barclay today gave insurers increased
hope of a favourable change to the Ogden rate just months after it
was slashed, after describing the existing mechanism as
"outdated".
Speaking at the Association of British Insurers conference
today, Barclay thanked the industry for its responses to the
ongoing consultation into how the personal injury discount rate
should be set.
Noting that the 2.5 percentage point cut to the rate introduced
in March this year had "concerned" him,