127Damages for future economic loss—discount rate

#### 127 Damages for future economic loss—discount rate 127 Damages for future economic loss—discount rate (cf s 71 MAA) > > (1) Where an award of damages is to include compensation, assessed as a lump sum, in respect of damages for future economic loss which is referable to— > > > > > (a) deprivation or impairment of earning capacity, or > > > > > (b) loss of expectation of financial support, or > > > > > (c) the value of future services of a domestic nature or services relating to nursing and attendance, or > > > > > (d) a liability to incur expenditure in the future, > > > > the present value of the future economic loss is to be qualified by adopting the prescribed discount rate. > > > (2) The prescribed discount rate is— > > > > > (a) a discount rate of the percentage prescribed by the regulations, or > > > > > (b) if no percentage is so prescribed—a discount rate of 5%. > > > (3) Except as provided by this section, nothing in this section affects any other law relating to the discounting of sums awarded as damages.