Association of Personal Injury Lawyers
A not-for-profit organisation representing injured people

Response to Scottish personal injury discount rate announcement

30 Sep 2019
APIL news

APIL president, Gordon Dalyell, said in reaction to the Government Actuary's Department's decision to leave the discount rate at -0.75 per cent:

 

“We welcome the certainty which this announcement will bring to injured people in Scotland and the transparency in the way the discount rate is calculated. People with catastrophic injuries, who are most affected by this, already have enough uncertainty in their lives. The fact that the calculation which governs the amount of compensation they will receive is set out clearly in legislation, and that political influence on the process is minimal, is very welcome in these times of economic and political uncertainty.

 

Governments in both Westminster and Holyrood have faced shameless and sustained pressure from insurers to set the discount rate at a level which suits their profit margins rather than injured people, and the transparency of the Scottish legislation, in particular, is a protection against that.

 

But the calculation is still based on the intention of making people take risks with the compensation which is to last their whole lives, which they should not have to do. After all, injured people are not ordinary investors trying to maximise a lottery win, and we must monitor this new rate carefully to ensure it provides them with the compensation they need.”    

 

Past statements and comments

Government responds to MedCo consultation - APIL statement, 05 Sep 2019
Lord Chancellor announces discount rate change – APIL response, 15 Jul 2019
NHS Resolution annual report 2018/19: Reaction from the Association of Personal Injury Lawyers (APIL), 12 Jul 2019
APIL's response to the publication of the fixed recoverable costs consultation, 28 Mar 2019
Lord Chancellor announces start of discount rate review – APIL response, 19 Mar 2019
NHS Resolution annual report 2017/18: Reaction from the Association of Personal Injury Lawyers (APIL), 13 Jul 2018
Civil Liability Bill debate on whiplash reform in the House of Lords - reaction from the Association of Personal Injury Lawyers (APIL), 13 Jun 2018
Reaction from the Association of Personal Injury Lawyers (APIL) to the Justice Select Committee report on increasing the small claims limit for personal injury (17 May 2018), 17 May 2018

More past statements

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Lorraine Gwinnutt
0115 943 5400
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Lizzy Freeman
0115 943 5431
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