The Blog Spot: One year of Ogden upheaval
The government should bring discount rate clarity to the insurance industry without further delays, writes Ida Axling.
This week marks a year since the shock decision to slash the discount rate from 2.5% to minus 0.75% and the insurance industry is still struggling to recover.
The rate change led to volatility in the market with many insurers taking severe hits in their financial results as they scrambled to respond.
The day after the decision was made a number of furious insurance bosses marched on Downing Street to meet with the Chancellor Phillip Hammond, which led to a consultation on how the rate should
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