The U.K. government said on Friday it has delayed revealing its position on the discount rate used to calculate compensation payments for personal injury claims, and has declined to say when it will publish its response.
The Ministry of Justice had been due to publish its response to an industry consultation on the cut to the so-called Ogden discount rate by 3rd August. The consultation was launched after the rate was unexpectedly and controversially cut earlier this year, causing concern in the industry.
“We have consulted on whether there is a better or fairer framework for claimants and defendants in cases of serious personal injury,” the Ministry of Justice said in an emailed statement. “We will respond to the consultation in due course.”