Current changes in interest rates did not justify a departure from the guidelines set down of two per cent on damages for general pain and suffering and loss of amenity. There is no essential or necessary reason why the rate for such a claim should be the same as was to be used when calculating future losses. The two awards of interest are fundamentally. One is an actuarial assessment of future losses, and the other is a discretionary award.
Citations:
Times 25-Jul-2000
Jurisdiction:
England and Wales
Damages, Personal Injury
Updated: 28 April 2022; Ref: scu.82970