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A joint statement from the Chancellor Philip Hammond and the Director General of the Association of British Insurers, Huw Evans, following a discussion with insurance firms on the personal injury discount rate. |
“Claimants must get the money they’re entitled to following an injury in order to support their future needs. “It is important that going forward, personal injury discount rates are set at a level that is fair to both claimants and consumers. “The government will progress urgently with a consultation on the framework for setting future rates, and bring forward any necessary legislation at an early stage. “The industry will contribute fully to the upcoming consultation, and the government will carefully consider all evidence and arguments submitted.” |
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