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.
Tag Archives: Periodical Payment Orders
Discount Rate and PPOs in Scotland: progress of the Damages (Investment Returns and Periodical Payments) (Scotland) Bill
This legislation is due to have its final (stage 3) debate on 19 March 2019.
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