Discount Rate lowered to minus 0.75%
On 27 February 2017 the Lord Chancellor and Secretary of State for Justice, Liz Truss, announced to the London Stock Market that she would be reducing the discount rate from 2.5% to minus 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%.
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.
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…
Personal injury reforms
The world of insurance and claims is a constantly changing one. A fortnight ago, we were waiting for the Prisons and Courts Bill to complete the…
Political and Market Advisory
After a turbulent 6 months complete with a snap election and a new minority Government coming into power, the Government announced the agenda for the coming parliamentary session. Whilst the legislative programme focused heavily on Brexit, there…
Personal injury market
We monitor the changes in the personal injury market updating our clients to ensure that they are informed of the latest trends and developments.
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.