Discount Rate lowered to minus 0.75%
On 27 February 2017 the Lord Chancellor and Secretary of State for Justice announced that she would be reducing the discount rate from 2.5% to -0.75%.
Weightmans statement: changes in the discount rate for personal injury claims
The Ministry of Justice has announced plans to cut the discount rate from 2.5% to -0.75%.
Government discount rate announcement has strategic implications for compensators
On 7 September 2017 the Government issued an early morning stock market announcement, outlining how it intends to approach the issue of the discount rate for the calculation of future damages in personal injury actions, going forward.
Weightmans expert reacts to Ogden rate change announcement
The Ogden rate is going to be set between zero percent and one percent following a consultation launched in March.
Multipliers - practical issues and unintended consequences
Join us at our next Breakfast Bite seminar which will look at some of the issues raised by the recent change in the discount rate, including practical issues in calculating multipliers, claims for accommodation and loss of earnings.
IHT changes – residence nil rate band
From 6 April 2017, there will be an additional inheritance tax free 'residence nil rate band' available. This will begin at £100,000 in the tax year 2017/18 and will increase by £25,000 each tax year, reaching £175,000 by 2021.
Weightmans posts solid trainee retention rate
Weightmans has welcomed 87.5% of its trainees who commenced their training contract in 2015 back to the firm as newly qualified solicitors.
Gabrielle is an associate in the large loss and technical team and specialises in defending civil claims for compensation against insurance companies and the Motor Insurers' Bureau. The claimants in these claims are almost always catastrophically…
A new government and a new agenda?
After a turbulent 6 months, on 21 June 2017 Her Majesty the Queen delivered her speech at the state opening of Parliament.
Reforming the Soft Tissue Injury (‘whiplash’) Claims Process Impact
In 2015 plans were announced to reform the PI claims sector with a ban on compensation for minor whiplash claims and an increase in the small claims track.