Landmark legislation on reforming whiplash claims and
calculation of the discount rate passes final parliamentary
hurdle
The Civil Liability Bill returned to the House of Lords
yesterday after being passed by the House of Commons. The
amendments made in the
House of Commons were considered and agreed as expected.
The Bill represents a landmark piece of legislation. The Bill
will reform the methodology for calculating the discount rate, and
forming part of the package of reforms aimed at reducing fraudulent
whiplash claims.
Discount rate
Once the Bill receives Royal Assent, the first review of the
discount rate has to be started within 90 days following
commencement of the Bill. We expect that the Lord Chancellor will
take this period to make calls for evidence.
