Yesterday the Ministry of Justice published results of its consultation, which ran for a month in April/May, on medical reporting within the package of whiplash and small claims track reforms due to be implemented in April next year for road traffic cases. This latest document sets out the government’s policy choices but is, as seems par for the course in this area, very light on detail.
The government has issued important materials which (i) inform of the discount rate-setting consultation with the Government Actuary and Treasury and (ii) introduce and set out draft regulations by which insurers will be expected to account for savings arising from the provisions in the Act.
The formal and final part of the discount rate review in England & Wales started today, 19 March 2019, and must end by 5 August. The high likelihood is that this review, the first under the Civil Liability Act 2018, will deliver a rate different from and higher than the current minus 0.75% rate (which was set in accordance with the Damages Act 1996).