Ogden predicted a nasty surprise way back in 1984

15 Mar 2017

BLM director of policy and government affairs, Alistair Kinley talks about the recent adjustment to the discount rate and how the late Sir Michael Ogden must chuckling at the recent events.

"As is well known by now, the current Lord Chancellor Liz Truss announced on 27 February that the discount rate for calculating future losses in personal injury claims and to be used in conjunction with the eponymous tables is to be set at minus 0.75% from 20 March.

"Changing the rate to this level is surely the ineluctable outcome of Ogden advocating in 1984, in the first edition of his tables, the use of the yield on Index-Linked Government Stock as the benchmark for the personal injury discount rate."

To read Alistair's full blog please click here to be redirected to the Post website.

 

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Alistair Kinley

Alistair Kinley

Director of Policy & Government Affairs,
London


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