Website of the Department of Health
Please note that this website has a UK government access keys system.
Page menu
Letters and circulars
- Advance letters
- CMO update
- Dear colleague letters
- Estates alerts
- Firecode
- Health service circulars
- Local authority circulars
- Local authority social services letters
- Professional letters
- Other series
- Chief Inspector letters
- Executive letters
- Family health services letters
- Family practitioner notices
- Finance directorate letters
- Health circulars
- Health service guidelines
- Miscellaneous letters
- Pension letters
You are here:
Discount rates and the cost of capital - EL (97)71
-
Document type:Executive Letter
-
Author:Department of Health
-
Published date:11 November 1997
-
Primary audience:Professionals
-
Gateway reference:1997
-
Series number:EL (97)71
-
Pages:1
-
Copyright holder:Crown copyright
Treasury Guidance, 'Appraisal and Evaluation in Central Government' otherwise known as the 'Green Book' (second edition, published August 1997) recommends that the use of national loans fund (NLF) plus 2% as the figure for the nominal equivalent of the standard public sector discount rate of 6% should be discontinued. From now on a discount rate of 6% should be used as the standard discount rate for all investment appraisal decisions measuring the value of projected future costs or benefits.
Additional links
Travelling?
Ordering publications
Contact details for obtaining hard-copy DH publications.
Help viewing PDFs
Useful tips to ensure you get the most from PDFs and the free Reader program. Topics covered include accessibility, troubleshooting and searching files.
Additional links
Access keys
