Association of Personal Injury Lawyers
A not-for-profit organisation representing injured people

Lord Chancellor announces discount rate change – APIL response

15 Jul 2019
APIL news

APIL president Gordon Dalyell said:

 

“We welcome the Lord Chancellor’s decision to set the discount rate at minus 0.25 per cent, after uncertainty about the impact of the Government’s new approach of setting the rate on the basis that injured people should be considered ‘low risk’ investors. The Government has faced sustained pressure from the insurance industry to set a rate which would not be appropriate for injured people, who should not be forced to take any risk with their investments. We must remain vigilant that this new rate does provide them with the fair compensation they need and deserve.”

 

Past statements and comments

Government announces extension to fixed recoverable costs, 08 Sep 2021
Department of Justice to set the personal injury discount rate in Northern Ireland at -1.75 per cent, 26 Mar 2021
Whiplash reforms delayed from April 2021 to May 2021, 11 Jan 2021
APIL statement following ministerial announcement to delay whiplash reforms until April 2021, 21 Apr 2020
Reactionary statement following inflationary increase to bereavement damages, 20 Mar 2020
Implementation of the whiplash reform programme, 27 Feb 2020
Response to Scottish personal injury discount rate announcement, 30 Sep 2019
Government responds to MedCo consultation - APIL statement, 05 Sep 2019

More past statements

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Iman Anthony
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iman.anthony@apil.org.uk