Lord Chancellor Announces New Discount Rate for Personal Injury Claims
On 15 July 2019 the Lord Chancellor announced a new discount rate of -0.25 for personal injury claims.
After many years of the discount rate remaining at 2.5, in 2017 the rate was changed to -0.75. This resulted in some considerable debate followed by a call for evidence from the public as to what the new rate should be.
The new rate of -0.25 will apply from 5 August 2019 and will be of essential importance to anyone preparing a schedule of loss in a personal injury claim.
Lord Chancellor announces new discount rate for personal injury claims
