Truss launches Ogden rate consultation

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The consultation will examine how the discount rate should be set in the future and Truss has invited ‘those with evidence and expertise’ from the financial industry to take part. This comes after Truss lowered the discount rate from 2.5% to minus 0.75% and the consultation will consider whether the next rate should be set by and independent body and reviewed more frequently. “I announced a change to the rate on 27 February this year to minus 0.75%, which came into force on 20 March,” Truss