fbpx Skip to main content
CALL US: 01482 323 697
Williamsons News

New personal injury discount rate

24 October 2019

News, Personal Injury

Recently, the Lord Chancellor finally revealed the new personal injury discount rate following months of consultation.

The new -0.25% rate comes as welcome news to claimants who have suffered life changing injuries; whilst this will have a negative impact upon damages, the review has not led to the more significant change urged by the insurance industry, much to their chagrin.

The Discount Rate is the figure applied to future losses to adjust the final lump sum award to reflect the interest claimants can expect to earn by investing their compensation. For many years it was set at 2.5%; however, claimants were often unable to achieve the required returns on investments from lump sum payments unless they invested in portfolios with risk.

Personal Injury - Williamsons SolicitorsIn February 2017 the rate was changed to -0.75% and since then there has been an outcry from defendant insurers to change the rate. Whilst the new rate is an increase, it is not as high as the insurance industry were hoping for and perhaps expecting. Defendant insurers have already voiced their disappointment at the news.

The new rate came into force on 5 August 2019. The government states that the change is in line with the Wells v Wells 100% compensation principle and the new rate should allow claimants to invest in ‘low risk’ portfolios.

As a firm specialising in personal injury claims,  we welcome the change in rate news which now provides more certainty when it comes to negotiating high value claims and we agree with the Justice Secretary who said, ‘it is vital victims of life-changing injuries receive the correct compensation – I am certain this is the most balanced and fair approach following an extensive consultation. It is also right that the rate is informed by experts and reviewed on a regular basis to make sure this important calculation is accurate every time’.

If you have a Personal Injury claim or would simply like some advice, get in touch with our specialist team now on 01482 323697.

Contact Us Back to top
Read some reviews from our clients

4.89 Average

163 Reviews


Its always difficult when you are selling a house but even more so when it is a probate sale. Williamsons have handled my sale with sensitivity and efficiency and have supported me throughout the process.

Mr & M

Very efficient, prompt replies to queries, show good team work and a very reasonable bill at the end.

Mr D A

I was given an efficient, friendly and courteous appointment.

Mr and Mrs Lang

Thorough and commendable.

Mr & M

Professional,helpful and friendly staff we use Williamson's for all legal matters.

Mrs Yvonne K

Suzanne Spooner was excellent. She kept me informed of progress and the whole stressful process of selling one’s house went as smoothly as possible.

Miss L

We were very impressed by Theresa's thorough approach. We are very confident that our conveyancing was carried out to perfection.

Sarah B

Fantastic service from Susan and her team dealing with the sale of the house. Easily contactable for any queries and would definitely recommend them.

Andrew H

Very thorough, helpful throughout and ensured no undue delays.

Mr Nicholls

Once again a smooth transaction thanks to Beth at Williamsons. Will certainly be using again. Thanks

Mr and Mrs Allgood

We were delighted with the service we received. Each time it was necessary to make contact we received a prompt response. As existing clients we would not hesitate to use this service again.


We instructed Williamsons to carry out the conveyancing on our house purchase. Gemma was excellent, keeping us up to date with the progress made towards completion by email and sending us the relevant paper work. She made us aware of any issues and suggested a course of action. We would highly recommend using Williamsons.

Mrs Ward

Jane Cousins and her colleagues were absolutely brilliant! They were extremely patient and helpful and kept us up to date by email whenever necessary!! She promised to hold my hand through the process of buying and selling our homes and certainly did! We cannot thank her and Emma and Rebecca enough!!! Thank you all very much!! Sheilah/Owen Ward

Ms D

Very happy with the service provided both on my sale and purchase. Thank you

Dr P

Straightforward, efficient, clear, well-informed.

Mr Francis

Exemplary service. Kept me up to date throughout the process. Carefully explained any difficulties or technical issues. Brilliant service


Very helpful & prompt service! Nothing was too much trouble. Can highly recommend

Mr and Mrs Jarvis

Handled our sale and purchase extremely well, first class.

Mr and Mrs Green

We were delighted with the service we received. Although unable to speak to our designated officer Mrs Spooner, her assistant Natalie was always on hand to advise, particularly relevant on the final day when exchange and completion took place at the same time. A difficult period, not being helped by the long-distance, was made as easy as such a situation could ever be. Thank you.

Mrs Margaret W

I am new to Williamsons, my first time with them. It’s been a positive efficient and friendly experience. So much so that I won’t be going any where else in future. Thank you to all at Williamsons!

Brian R

This is the third housing transaction Williamsons has done for me in the last year and I have been very satisfied with the proceedings . I particularly admire the capability and knowledge of Suzanne Spooner who is a very smart lady.