LegalizeThe Damages (Personal Injury) Order 2017
Made: 24th February 2017
Laid before Parliament: 27th February 2017
Coming into force: 20th March 2017
The Lord Chancellor makes the following Order in exercise of the powers conferred by section 1 of the Damages Act 1996[^f00001], having consulted the Government Actuary and the Treasury in accordance with section 1(4) of that Act:
Citation, commencement and extent
1
- (1) This Order may be cited as the Damages (Personal Injury) Order 2017 and shall come into force on 20th March 2017.
- (2) This Order extends to England and Wales only.
Rate of return
2
The rate of return referred to in section 1(1) of the Damages Act 1996 shall be minus 0.75 per cent.
Signed
Elizabeth Truss — Lord Chancellor — Ministry of Justice — 24th February 2017
Explanatory note
(This note is not part of the Order)
EXPLANATORY NOTE
This Order prescribes minus 0.75 per cent as the rate of return which, under section 1 of the Damages Act 1996, courts are required to take into account when calculating damages for future pecuniary loss in an action for personal injury.
Footnotes
[^f00001]: 1996 c. 48. Section 1(5) was substituted by article 4 of, and paragraph 126 of Schedule 2 to, S.I. 1999/1820. Section 1(6) was inserted by article 15(5) of, and paragraphs 54 and 55 of Part 1 of Schedule 18 to, S.I. 2010/976.
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