Britain will change the discount rate used to calculate compensation for persona...
) all fell on Monday, before recouping losses. Analysts see Admiral and Direct Line as most affected by the new rate.
The Association of Personal Injury Lawyers welcomed the new discount rate, which will be introduced on Aug. 5 and reviewed again within five years. The rate takes into account returns available to investors and investments made, allowances for tax, inflation and investment management costs, as well as wider economic factors, the ministry said in a release.
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