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Intergenerational wealth transfers and social discounting - supplementary green book guidance
Publication Year
2008
Document Status
Current
Abstract
Comprises guidance on intergenerational wealth transfers and social discounting. The Green Book recommends that costs and benefits occurring in the first 30 years of a programme, project or policy be discounted at an annual rate of 3.5%, and recommends a schedule of declining discount rates thereafter. When assessing proposals where the effects involve the very long term (in excess of 50 years) and involve very substantial and, for all practical purposes, irreversible wealth transfers between generations, this additional guidance is to be followed.
Document History
One of a series of supplementary guidance documents to be read with the Green Book.
Author
Lowe, J.
ISBN
9781845324193
Publisher Information
HM Treasury
The HM Treasury is the UK's economics and finance ministry, responsible for formulating and implementing the Government's financial and economic policy. Its aim is to raise the rate of sustainable growth, and achieve rising prosperity and a better quality of life with economic and employment opportunities for all.
Publications available from:
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