FOIL update August 2012: The discount rate - The MOJ consultation is published

Having been anticipated since 2011, the much delayed consultation on the discount rate by the Ministry of Justice has now been published. As expected it looks at both the rate and the methodology, asking, fundamentally, if the rate should continue to still be set by reference to Index Linked Government Stock (ILGS) or whether there should be a move to a calculation based on a mixed portfolio. If the rate is to continue to be based on ILGS the consultation raises further questions on the detail of that methodology.

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