Treasury reviewing injury compensation – 3FM

Could the Treasury change the way personal injury compensation payments are calculated through the discount rate?

It’s undertaking a review into the final figure awarded to victims of life-changing injuries.

Currently it’s adjusted via the rate to reflect the interest that’s expected to be earned by investing the award.

Discount rates are set through legislation and must be considered by the courts when compensation is awarded. 
    
The UK Government recently undertook a major review of how discount rates are set in England and Wales.

Source: three.fm