House of Commons · Written Ministerial Statement
2024 Personal Injury Discount Rate Review
18 July 2024 · Ministry of Justice
Proposed by Shabana Mahmood Lab Birmingham Ladywood
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The statutory review of the personal injury discount rate has commenced.
- Shabana Mahmood is consulting an expert panel and HM Treasury for the review.
- Further announcements are scheduled upon completion of the review by January 11, 2025.
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.
▸
Assessment & feedback
Summary accuracy