Personal Injury Discount Rate and Periodical Payments Orders in Scotland: Damages (Investment Returns and Periodical Payments) (Scotland) Bill passes stage 3

On 19 March 2019, the Scottish Government Minister for Community Safety told the Scottish Parliament that she expects this Bill “to save defenders money”. This can perhaps be taken as a Scottish Government indication that the new Personal Injury Discount Rate (PIDR) for Scotland will be higher than the present -0.75% one. Given the prescriptive formula set by the legislation and to be applied by the Government Actuary, this government indication has to be treated with some caution.

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Scottish Discount Rate and PPO Bill introduced to the Scottish Parliament

Today, the Bill to amend Scots Law on the Personal Injury Discount Rate and also to enable Scottish courts to impose Periodical Payment Orders when making an award of damages in personal injury cases has been published by the Scottish Parliament. Continue reading