Reduction in the Discount Rate

Lord Chancellor Liz Truss has today announced that the discount rate that is used for calculating personal injury compensation is being reduced from 2.5% to -0.75%.

This is significant news and means that those suffering serious or catastrophic injuries are likely to receive substantially more compensation when aspects of their claims such as the need for care or future loss of earnings is calculated.

The full text of the announcement can be found here :