LAW BITES
Have mercy They’ve done it again. The Court Funds Office’s (CFO’s) special account rate has predictably dropped in response to the last Bank of England’s base rate reduction, from 4.50% to 4.25% as from 30 May 2025. Revise interest calculations for personal injury specials accordingly. The NLJ scissors remain mislaid and so you might take a look at ‘Civil way’, NLJ, 17 January 2025, p15. Should CFO special account invested funds be transferred over to an outside investment by the litigation friend, subject to court agreement? It is unlikely that a fixed-term ISA would currently yield a better rate of return. A fixed-term non-ISA might do so.
Whiplash cash Over six months after the outcome of the Lord Chancellor’s statutory review of the whiplash reforms was announced (see ‘Civil way’, 174 NLJ 8098, p15), there is legislation which gives effect to her conclusions. To the chagrin of the personal injury claimant sector, we have a 14% to 15% inflationary-only increase (after
