The Chancellor's decision to lower the social discount rate from 3.5% to 3% will impact on all future government policies, from transport infrastructure to the building of new hospitals. It comes following a Treasury-commissioned review co-authored by economist Professor Ben Groom, who explained the review's recommendations and the rationale behind them at an event for LEEP@10, the 10th anniversary of the Land, Environment, Economics and Policy Institute at the University of Exeter Business School.
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