The government is expecting to legislate on changes to the discount rate early next year, MPs have been told. Speaking to the House of Commons justice committee, justice minister Lord Keen of Elie (Richard Keen QC) said lord chancellor David Lidington will then set about fixing the discount rate ‘as soon as he can’. ‘We do not anticipate a lengthy window before the discount rate is reviewed for the first time,’ said the minister. Keen told committee members last week that the process for setting the rate will be more transparent in future, and will be reviewed more regularly.
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