Website Cookie Policy

We use cookies to give you the best possible online experience. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website.
See our cookie policy for more information.

Practice Areas

More Information

thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

FOLLOW WRIGLEYS:

Send us an enquiry
Close

New discount rate for PI claims announced

27 February 2017

As all PI litigators are aware, when victims of life-changing injuries accept lump sum compensation, the actual amount they receive is adjusted  down to take into account of the potential for investment gains following accelerated receipt of damages.

The discount rate has been set at 2.5% for over 15 years, during which time interest rates and gilt returns have plummeted. The government has today, announced, it is being reduced to minus 0.75%. This will have the effect of increasing awards for personal injury and clinical negligence cases.
The full press release is available here

 

 

 

 
Ian Potter View Biography

Ian Potter

Partner
Sheffield

09 Oct 2025
Hayley Marsden Headshot

Conflicts of interest: what are they and how can a charity manage them?

Conflicts of interest are a key priority for the Charity Commission.

07 Oct 2025
Hayley Marsden Headshot

The Economic Crime and Corporate Transparency Act 2023 – where are we now?

What further changes can be expected following ECCTA 2023 implementation?

29 Sep 2025
Michael Crowther Headshot

Sexual harassment – the new preventative duty one year on

UK employers must take reasonable steps to prevent sexual harassment, including third-party harassment, clear policies, training, and risk assess.