Ogden rate calculation review due before Easter
A debate held by UK peers in the House of Lords this afternoon
revealed that a consultation into calculating the Ogden rate will
commence no later than Easter.
Lord Keen of Elie, a Conservative peer and spokesman for the
Ministry of Justice, acknowledged that the method used to calculate
the discount rate for bodily injury lump-sum awards reflected a
very conservative assumption of how someone would invest the money,
and called the current rate-setting method "clearly
outdated".
Labour's Lord Be
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