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PI Brief Update

Fair Compensation? - Steven Weddle, Hardwicke

06/09/12. Until the Lord Chancellor started to fix the discount rate for calculating future loss multipliers the Courts did their best to provide a "real" rate by looking at reality. In so doing they were trying their best to provide fair and proper compensation. In setting the rate at 2.5% in 2001 the then Lord Chancellor set it higher than the actual return rate at that time and save for one or two months it has now been too low for nearly 11 years. An attempt at judicial review to try and force a change was rejected in 2011 on the basis that...

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The opinions expressed in the articles are the authors' own, not those of Law Brief Publishing Ltd, and are not necessarily commensurate with general legal or medico-legal expert consensus of opinion and/or literature. Any medical content is not exhaustive but at a level for the non-medical reader to understand. 

Professional advice should always be obtained before applying any information to particular circumstances.

Excerpts from judgments and statutes are Crown copyright. Any Crown Copyright material is reproduced with the permission of the Controller of OPSI and the Queen’s Printer for Scotland under the Open Government Licence.