NEWSFLASH - LORD CHANCELLOR CHANGES DISCOUNT RATE
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This afternoon, the Lord Chancellor has announced a reduction in the discount rate to 2.5%.
This will affect awards for long-term future loss of earnings in unfair dismissal and discrimination claims (the reduction from the long-standing 3.0% discount rate means that multipliers will be higher, and therefore awards will be higher).
The change will take effect from 28th June 2001.
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