Assumed rate of return on investment of damages

Part of Civil Liability Bill [Lords] – in a Public Bill Committee at 2:45 pm on 11 September 2018.

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Photo of Bambos Charalambous Bambos Charalambous Labour, Enfield, Southgate 2:45, 11 September 2018

The Minister said there was a big change when a previous Lord Chancellor set the rate at -0.75%. I wonder what advice and from whom she received in setting that rate. Clearly, she would have had some advice, rather than plucking that figure out of the air. I wonder what the situation is now.