Statutory Instruments
Damages, England And Wales
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(1), having consulted the Government Actuary and the Treasury in accordance with section 1(4) of that Act:
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.
2. The rate of return referred to in section 1(1) of the Damages Act 1996 shall be minus 0.75 per cent.
Elizabeth Truss
Lord Chancellor
Ministry of Justice
24th February 2017
(This note is not part of the Order)
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.
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.