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

29 Feb 2024

Revisions to the National Planning Policy Framework – A step in the right direction for community-led housing?

Here we examine the latest planning policy revisions in England and Wales and their implications for community-led housing proposals.

29 Feb 2024

Neuroinclusion at work – a new resource from the CIPD

New guidance highlights need to embed inclusive practices to support neurodiverse staff.

28 Feb 2024

EHRC releases menopause in the workplace guidance for employers

Guidance is latest in line of efforts to raise awareness of the impact of the menopause at work.