The Damages (Personal Injury) (England and Wales) Order 2024 came into force on 11 January 2025 and states that the prescribed rate of return referred to in section A1(1) of the Damages Act 1996 is 0.5%. This Order prescribes 0.5% as the rate of return which, under section A1(1) of the Damages Act 1996 (c. …
Continue reading “Discount rate – change”