This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Statutory Instruments
Damages, England And Wales
Made
11th July 2019
Laid before Parliament
15th July 2019
Coming into force
5th August 2019
The Lord Chancellor makes the following Order in exercise of the powers conferred by section A1 of the Damages Act 1996(1), having reviewed and determined the rate of return in accordance with paragraph 2 of Schedule A1 to that Act:
1.-(1) This Order may be cited as the Damages (Personal Injury) Order 2019 and comes into force on 5th August 2019.
(2) This Order extends to England and Wales only.
2. The rate of return referred to in section A1(1) of the Damages Act 1996 shall be minus 0.25 per cent.
David Gauke
Lord Chancellor
Ministry of Justice
11th July 2019
(This note is not part of the Order)
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.
1996 c. 48. Section A1 and Schedule A1 were inserted by the Civil Liability Act 2018 (c. 29), s 10.