We have placed cookies on your device to help make this website better.
If you choose to customise the site it will help you to find the most relevant content for your needs. You will still be able to access all content on the site.
0800 716 646
The discount rate is the interest rate used by courts to calculate lump sum compensation payments to victims of clinical negligence incidents and other personal injury claims.
The Lord Chancellor announced a change in the discount rate from 2.5%, which had been the level since 2001, to -0.75% with the change coming into effect from 20 March 2017.
The impact is profound. For example, a claim that would have settled for £8.4 million on the previous discount rate would now settle for £17.5 million.
The Lord Chancellor's statement included the following commitment:
The Department of Health will also work closely with general practitioners (GPs) and medical defence organisations to ensure that appropriate funding is available to meet additional costs to GPs, recognising the crucial role they play in the delivery of NHS care.
This should mean there is no need to increase subscriptions. We have been in regular discussion with government departments since December 2016, but no solution has been announced for GPs or MDOs yet.
What does this mean for you?
© 2018 The MDU
We have detected you are in and some website content may have been personalised to be more relevant to you.
You can change your region setting here or at the top of the page.