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2024 Personal Injury Discount Rate Review

18 July 2024

Proposing MP
Shabana Mahmood Lab
Birmingham Ladywood
Type
Written Ministerial Statement
Department
Ministry of Justice
View on Parliament.uk -->

At a Glance

Issue Summary

The statement addresses the commencement of a statutory review of the personal injury discount rate.

Action Requested

Shabana Mahmood has commenced the review as required by law, consulting an expert panel and HM Treasury, with further announcements scheduled upon completion. The review must be completed by January 11, 2025.

Key Facts

  • The personal injury discount rate review was initiated on 15 July 2024.
  • The previous rate announcement occurred on 15 July 2019.
  • The expert panel for the review was appointed in June 2023.
  • HM Treasury is required to respond within 90 days of consultation.
  • The deadline for completing the review is 11 January 2025.
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