Discount Rate Klaxon – Review due in August 2019

Articles

21/03/2019

The Lord Chancellor will announce later today that the first review of the personal injury discount rate under the Damages Act 1996 as amended by the Civil Liability Act 2018 will start on 19 March 2019.

The Act requires that the Lord Chancellor must conduct the review and determine whether the rate should be changed or kept unchanged within 140 days of and including the date on which the review starts: that is, on or before 5 August 2019.

Although long expected, this news will be greeted with cautious optimism by Personal Injury practitioners who have been giving advice and drafting schedules and counter-schedules of loss for the last few months in a vacuum. The only thing that seems likely is that the rate will change from the unsustainable, and unrealistic, -0.75.

In my view, the rate is likely to be pegged between 0.50-1.00 – much more accurately reflecting the reality of lives.

Latest News & Events

Adam Dawson awarded MBE in King’s Birthday Honours List 2025

Chambers congratulates Adam Dawson upon being awarded an MBE for services to charity and service to the Jewish Community. For over 30 years Adam has been involved in the heart of the Jewish community, leading several charities and organisations. After a year as Chair of…

The Dekagram: 9th June 2025

This week Russell Wilcox and Thomas Clarke examine whether in applications to set aside default judgment there exists such a thing as a ‘co-defendant principle’; essential reading for all practitioners. Co-defendants and Applications to Set Aside: the More the Merrier? In the recent case of…

URS v BDW – The winner takes it all…

Introduction On Wednesday 21st of May, the Supreme Court handed down judgment in the long-awaited case of URS Corporation Ltd v BDW Trading Ltd [2025] UKSC 21.  The judgment was awaited by almost all with an interest in construction law and related professional negligence. BDW…

Subscribe to our mailing list

Deka Chambers: 5 Norwich Street, London EC4A 1DR

© Deka Chambers 2025

Search

Portfolio Builder

Select the expertise that you would like to download or add to the portfolio

Download    Add to portfolio   
Portfolio
Title Type CV Email

Remove All

Download


Click here to share this shortlist.
(It will expire after 30 days.)