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MoJ launches consultation on dual discount rates for personal injury claims

By 2023-01-18T15:28:00

ministry of justice

It is essential that this ’does not turn into a cost saving exercise that benefits the balance sheet of compensators’, says executive director

The Ministry of Justice yesterday (17 January 2023) launched an open consultation on proposed amendments to the personal injury discount rate (PIDR).

In the consultation, the ministry has proposed that PIDR could be changed to a dual or multiple rate system to more accurately reflect the size and duration of damages awarded.

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