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Department for Transport written question – answered on 8th October 2019.

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Photo of Lord Lipsey Lord Lipsey Labour

To ask Her Majesty's Government, further to the Written Answer by Baroness Sugg on 4 April (HL14781), what discount rate they applied to the forecasted benefits.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton Parliamentary Under-Secretary (Department for Transport)

The benefits of the scheme were calculated over a 60-year period. The discount rate applied to the forecasted benefits was 3.5% each year for the first 30 years and 3% each year for the next 30 years, as stipulated in the HM Treasury’s “The Green Book: Central Government Guidance on Appraisal and Evaluation

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