Analysis

Briefing: Does the government have its own discount rate expectations?

By 2024-12-11T09:00:00

PIDR

Although the insurance industry is positive about the amended personal injury discount rate scheduled to come into force, sector whisperings wonder whether the change forms part of Labour’s agenda to lower motor cover costs

The insurance industry has welcomed the news that from the middle of next month (January 2024), the new personal injury discount rate (PIDR) for England and Wales will rise to 0.5%.

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