Damages Act 1996: the discount rate – review of the legal framework – Ministry of Justice
“This consultation paper seeks views on two subjects relating to the setting of the discount rate under section 1 of the Damages Act 1996:
Whether the legal parameters defining how the rate is set should be changed.
Whether there is a case for encouraging the use of periodical payment orders instead of lump sum payments.”
Ministry of Justice, 12th February 2013
Source: www.justice.gov.uk