{"id":108,"date":"2010-11-15T14:42:28","date_gmt":"2010-11-15T14:42:28","guid":{"rendered":"http:\/\/www.sure2insure.co.uk\/?p=108"},"modified":"2010-11-15T14:42:28","modified_gmt":"2010-11-15T14:42:28","slug":"personal-injury-discount-rate-to-be-reviewed","status":"publish","type":"post","link":"https:\/\/sure2insure.co.uk\/?p=108","title":{"rendered":"Personal injury discount rate to be reviewed"},"content":{"rendered":"<p>The Association of Personal Injury Lawyers (APIL) has welcomed the Lord Chancellor\u2019s agreement to a review of the discount rate.<br \/>\nThe discount rate is used to calculate the amount deducted from an injured person\u2019s compensation to account for any income they may receive from investing their damages.<\/p>\n<p>The rate was set at 2.5% by the (then) Lord Chancellor in 2001, with the calculation based on yields generated by index-linked government stock (ILGS).<br \/>\nSince then yields on ILGS have gradually declined, according APIL president, Muiris Lyons, who believes that over the last three years the average gross yield has been less than 1%.<\/p>\n<p>Mr Lyons comments: \u201cFor years now, injured people have been undercompensated because of the previous Government\u2019s failure to review the discount rate in light of economic changes.\u201d<\/p>\n<p>He adds: \u201cOur hope now is that the Lord Chancellor\u2019s review proceeds quickly and redresses this imbalance which has had such an impact on injured people for so long.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Association of Personal Injury Lawyers (APIL) has welcomed the Lord Chancellor\u2019s agreement to a review of the discount rate.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-108","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=108"}],"version-history":[{"count":0,"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/108\/revisions"}],"wp:attachment":[{"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sure2insure.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}