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This report responds to a request from Office for National Statistics (ONS) for support in conducting an external review of the discount rates that should be used in the production of its outputs.

ONS produces valuations of a wide range of topic areas, such as the environment (natural capital), the workforce (human capital), health output, and pensions. Each of these areas applies a discount factor to convert future returns into present day values.

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Caroline Lewis
caroline.lewis@ons.gov.uk
Telephone: +44 (0)1633 456664