IEA urges overhaul of UK’s GBP 134 billion class action regime

The Institute of Economic Affairs has called for sweeping reforms to the UK’s £134 billion class action regime, criticizing weak claims and funding structures—particularly funders’ role post-PACCAR—and proposing early claimant payouts and greater competition among funders, though industry voices like Winward’s Jeremy Marshall dismissed the recommendations as unrealistic.

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