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

Reaction to Government's response to consultation on setting the discount rate

07 Sep 2017
APIL news

Brett Dixon, president of the Association of Personal Injury Lawyers (APIL) said

 

“The discount rate must be set to meet the needs of catastrophically injured people. Someone with a life-long, life-changing injury such as brain damage or a spinal injury cannot afford to take any risks with how his compensation is invested. He needs the money to keep a roof over his head, to fund his equipment, and to feed and clothe him and pay for his care for the rest of his life. We need to examine the detail of the Ministry of Justice’s response, but what I can say is that the new formula for calculating the rate will be critical to injured people.

 

The last thing people with devastating injuries think about when they are lying in hospital is their insurance premiums. They think about how they are going to manage. Insurers say an increased discount rate will ‘benefit’ customers through their premiums. It is of no benefit if they are severely injured and forced to take risks with the compensation they so desperately need.”

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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Lorraine Gwinnutt
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Iman Anthony
0115 943 5431
iman.anthony@apil.org.uk