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Not my field etc but wasn't there a big brouhaha about the discount rate a couple of years ago, when it was reduced to its current level? As the article notes, it was bitterly opposed by insurers (who seem again to have the ear of government). I thought the idea was that the discount rate took into account the estimated future value of money, so as to ensure that the victim requiring longer term care/needs could continue to afford them notwithstanding inflation? And wasn't the discount rate kept high despite low inflation, thus effectively reducing compensation, for many years? Unless I've missed something, inflation is still pretty low (by historic standards) so it's difficult to see why the discount rate should be revisited so soon. No doubt someone with more experience of this area will elucidate ...

Perhaps the Tories short of money?

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