Documents reveal government actuary recommended a 0.25% discount rate
The Lord Chancellor and Justice Secretary, David Gauke, eventually settled on a minus 0.25% Ogden rate.
The Lord Chancellor and Justice Secretary, David Gauke MP, went against the advice of government actuary Martin Clarke in setting the new Ogden discount rate, government documents reveal.
Yesterday (15 July), Gauke announced that the rate would rise from -0.75% to -0.25% on 5 August.
In a 77-page report dated 25 June 2019, the Government Actuary’s Department had recommended that the rate be set at 0.25%.
Responding to the government actuary as part of yesterday’s announcement, Gauke referred
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