Chancellor and ABI chief issue joint statement on discount rate
ABI and fifteen insurance bosses involved in discussions in Downing Street.
The government will "progress urgently" with a consultation on the frame work for setting the discount rate, it has been confirmed in a joint statement.
Chancellor Philip Hammond and the director general of the Association of British Insurers (ABI), Huw Evans issued a joint statement following yesterday's (28 February) discussions with insurance firms on the issue.
The statement read: "It is important that going forward, personal injury discount rates are set at a level that is fair to both
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