The Damages (Personal Injury) Order 2019

Type Statutory-Instrument
Publication 2019-07-11
State In force
Department Queen's Printer of Acts of Parliament
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Made: 11th July 2019

Laid before Parliament: 15th July 2019

Coming into force: 5th August

The Lord Chancellor makes the following Order in exercise of the powers conferred by section A1 of the Damages Act 1996[^f00001], having reviewed and determined the rate of return in accordance with paragraph 2 of Schedule A1 to that Act:

Citation, commencement and extent

1

Rate of return

2

The rate of return referred to in section A1(1) of the Damages Act 1996 shall be minus 0.25 per cent.

Signed

David Gauke — Lord Chancellor — Ministry of Justice — 11th July 2019

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order prescribes minus 0.25 per cent as the rate of return which, under section A1(1) of the Damages Act 1996 (c.48), courts are required to take into account when calculating damages for future pecuniary loss in an action for personal injury.

Because this is the first review of the rate of return since the commencement of Schedule A1 to the Damages Act 1996, the procedure set out in paragraph 2 of Schedule A1 to that Act applies.

A full impact assessment of the effect that this instrument will have on the costs of business, the voluntary sector and the public sector is available from the Ministry of Justice, 102 Petty France, London, SW1H 9AJ and is published with an Explanatory Memorandum alongside the instrument on https://legislation.gov.uk.

Footnotes

[^f00001]: 1996 c. 48. Section A1 and Schedule A1 were inserted by the Civil Liability Act 2018 (c. 29), s 10.

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