
1 
These Regulations may be cited as the Damages (Review of Rate of Return) (Scotland) Regulations 2024 and come into force on 1 July 2024.
2 

(1) Schedule B1 of the Damages Act 1996 is modified as follows.
(2) In paragraph 7(2)(b), for “30” substitute “43”.
(3) In paragraph 10(2)(a), for “0.75 of a percentage point” substitute “1.25 percentage points”.
3 

(1) Average Weekly Earnings is prescribed as the published information for use instead of the retail prices index for the purposes of paragraph 9(2) of schedule B1 of the Damages Act 1996.
(2) In paragraph (1), “Average Weekly Earnings” means the measure of short-term average earnings used to measure changes in earnings over time—
(a) published periodically by the Statistics Board under the title “Average weekly earnings in Great Britain”,
(b) based on that body’s Monthly Wages and Salaries Survey, and
(c) which relates to the whole of the economy of Great Britain.
SIOBHIAN BROWN
Authorised to sign by the Scottish Ministers
St Andrew’s House,
Edinburgh
5th June 2024