Discount rate in NI: Justice Committee reports & agrees text of the Bill

Yesterday the Justice Committee of the Northern Ireland Assembly released its report following detailed scrutiny of the legislation designed to re-set the personal injury discount rate (PIDR). The 172 page report was signed off at the Committee’s meeting on 21 October. As would be expected given the length of the document, all of the issues and arguments are thoroughly examined, but in reality the key point to take away is that the Committee is content with the Bill as drafted and does not propose any changes to the text.

That will not, of itself, speed up the Bill’s passage through the Assembly. However the fact that the relevant scrutiny Committee has examined the topic and the text in close detail over the last seven months or so and is content with the provisions might reassure MLAs reviewing the Bill during Consideration Stage that it is fit for purpose.

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