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BRIEF-UK cuts discount rate for personal injury claims to minus 0.75 pct - MOJ
February 27, 2017 / 8:31 AM / 5 months ago

BRIEF-UK cuts discount rate for personal injury claims to minus 0.75 pct - MOJ

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Feb 27 (Reuters) - Ministry of Justice:

* Setting discount rate at minus 0.75 percent

* Will become effective on 20 march 2017

* Government has committed to ensuring that nhs litigation authority has appropriate funding to cover changes to hospitals' clinical negligence costs

* Will bring forward a consultation before easter that will consider options for reform

* Options for reform including: whether rate should in future be set by an independent body

* Whether more frequent reviews would improve predictability and certainty for all parties

* Whether methodology is appropriate for the future Source text for Eikon:

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