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).
This legislation is due to have its final (stage 3) debate on 19 March 2019.
This blog captures recent developments in legislation affecting damages for future losses in personal injury claims in the three UK jurisdictions and in Ireland. As might be expected, there are marked differences in approach and some are moving faster than others.