Compensation for future monetary loss in personal injury claims across the UK
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Market Insight 01 July 2024 01 July 2024
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UK & Europe
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Economic risk
Today is a significant day for Scots law on lump sum damages in personal injury claims for future monetary loss, as the Government Actuary’s Department begins its review of the personal injury discount rate in Scotland.
Writing exclusively for The Scotsman, Legal Director Natalie Gibb considers the current differences between PIDRs in the three legal jurisdictions of the UK and how this Thursday’s General Election could have some impact on the rate for England & Wales but not on the rates elsewhere, which are to be reviewed formulaically.
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