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“Rather than just review the rate as promised, and as he should, the Lord Chancellor has now decided to delay the process further by recruiting a panel of experts to help him. Establishing a panel just creates yet another delay while the Ministry of Justice is seen to be doing something. Meanwhile, injured people continue to have their damages unfairly docked by a discount rate which was set 13 years ago when the financial markets were very different.”It is expected that the panel will report back to the Lord Chancellor in Spring 2015, but no timetable has been published setting out how long a decision on the discount rate will take.
Substantially revised, updated and expanded to help you to construct a claim for damages