Once again, the MOJ has put of this important issue. Under the present system innocent victims of accidents and medical negligence are being shortchanged on the amount of damages they should receive.
The Ministry of Justice has confirmed it will not publish its plans for changes to the discount rate applied to personal injury compensation next week, as previously announced. In a statement to the London Stock Exchange today, lord chancellor Liz Truss said the review of the rate had taken ‘longer than anticipated’ and she was not in a position to make an announcement by 31 January. The statement added that Truss ‘remains committed to making an announcement in February’. The result of the review is eagerly awaited by lawyers and insurers alike, as the government grapples with whether to change the current 2.5% rate discount on personal injury awards.