Intergenerational wealth transfers and social discounting - supplementary green book guidance

HM Treasury, 2008
Intergenerational wealth transfers and social discounting - supplementary green book guidance Download document

Document Status

Current

Supplement

Construction Management Supplement

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.

Author

Lowe, J.

History

One of a series of supplementary guidance documents to be read with the Green Book.

ISBN

9781845324193

Subjects

  • Financial management
  • Legal issues and management

Publisher History

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.

Information

NBS

NBS has produced specification systems and information products for construction industry professionals for more than 40 years. The National Building Specification is the recognised UK national standard and is used by over 5,000 organisations. NBS is part of RIBA Enterprises Ltd.

Accuris

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