Abstract
This article deals with major developments which have taken place in the payment of damages for personal injury. It focuses upon recent judicial decisions which have given much greater incentives for periodical payments to be used instead of traditional lump sums. The benefits are such that periodical payments have now become “the compensation method of choice.” This article also describes the new statutory regime for assessing damages for losses which accrue in the future. The focus here is upon the indexation of future loss as a crucial factor in determining not only the value of a claim but also the extent that periodical payments will be used instead of a lump sum. This article describes the wider economic context within which this issue was litigated, and it considers the effect upon personal injury practice of these statutory and judicial changes.
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