We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close


Liability Risk and Insurance


Government slashes lump sum discount rate

The government has changed the discount rate applicable to personal injury lump sum compensation payments, to minus 0.75 per cent from 2.5 per cent. The move has, not surprisingly, angered insurers and delighted plaintiff lawyers. From insurers’ point of view, the government appears to have given with one hand and taken away with the other. Any benefits from promised reforms to employment tribunals, whiplash and small claims limits have now been removed through the changes to the discount rate.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?


Request a trial Find out more