Inflation

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MDU hopes for positive impact on claims costs after change to PI discount rate in Scotland and Northern Ireland

The Medical Defence Union (MDU) welcomed news that the personal injury discount rate (PIDR) in Scotland and Northern Ireland is to be increased, potentially saving millions of pounds in the costs of compensation payments. Following a review, the Government Actuary has determined that, with effect from today, the PIDR in Northern Ireland and Scotland should be increased to +0.5%… Read more »

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Answer NRW’s call for evidence on wild bird licensing says BASC
Defra Minister recognises ‘really important role’ of BASC

MINISTER Daniel Zeichner told a packed Rural Reception at the Labour Party conference today that his party’s MPs must repay the faith shown in them at the General Election. The Rural Affairs Minister, speaking to a full house at the joint BASC and Angling Trust event in Liverpool, said: “I can see many rural MPs… Read more »

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Unemployment and inflation on the rise
Unemployment and inflation on the rise

UK unemployment continues to increase as new figures show inflation figures remain well above target. Some 20,100 more people claimed government assistance for unemployment in July, taking the total to 864,700, new Office of National Statistics (ONS) figures show. The increase was the largest monthly rise since December 1992 and followed a similar rise in… Read more »

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The UK is at risk of recession, according to the report
‘Serious risk’ of UK recession

The threat of recession in the UK is “serious”, 5,000 businesses have said. In the second quarter, the British Chambers of Commerce (BCC) found cashflow is in negative territory and at record lows, reflecting the impact of the credit crunch, while confidence in the services and manufacturing sectors plunged. The manufacturing sector’s balance for home… Read more »