ANOTHER INTERESTING DISCUSSION (ABOUT INTEREST…): THE STARTING POINT IS THAT THE CLAIMANT IS ENTITLED TO BE COMPENSATED FOR BEING OUT OF ITS MONEY (NO MATTER WHAT IT WOULD HAVE DONE WITH IT…)
Here is a relatively short judgment on an important point – if the purpose of interest is compensatory what is the position if a claimant would never have earned interest on the money in any event? As we shall see…
INTEREST RATE DECREASED ON THE COURT FUNDS OFFICE SPECIAL AND BASIC ACCOUNTS: THE AMOUNTS AND A REMINDER OF A USEFUL ONLINE TOOL
The interest rates payable on Court Fund accounts have decreased. THE CHANGES The changes are announced here. They took effect on the 9th January 2026. Special Account – decreased from 4.00% to 3.75% Basic Account – decreased from 3.00%…
Interest rate reductions on the Court Funds Office special and basic accounts: 30 May 2025
The Ministry of Justice announced on the 30th May 2025 that there is to be a reduction in the interest rates paid on funds in the Court Funds Office. Photo by micheile henderson on Unsplash THE ANNOUNCEMENT The announcement can be found here. “In…
CHANGE TO THE SPECIAL ACCOUNT RATE: DOWN TO 0.1%: PRACTICAL IMPLICATIONS
This morning the Ministry of Justice announced a reduction of interest rates for the Courts Funds special and basic accounts, effective from today (1st June 2020). THE ANNOUNCEMENT “Due to the impact of Covid-19, the Bank England reduced the base…
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