Personal Injury - Multipliers Update
The Lord Chancellor has announced that the discount rate in England and Wales will move from -0.75% to -0.25% on 5 August 2019.
This rate will be reviewed at least every 5 years.
In the absence of an Assembly in Northern Ireland our rate remains at 2.5%. A 1% discount rate is frequently used in settlement discussions here and using a -0.25% rate rather than 1% will produce significantly higher figures in cases with sizeable ongoing loss.
For more information please contact Dearbhail Beatty, Nora Tallon, Wendy McGrath or Shree Burns.
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