If a Claimant has suffered a financial loss as a result of an accident, he is entitled to be put back into the position that he would have been in if the accident had not happened. It is relatively easy to calculate past losses.

However, the same principles cannot be applied in order to calculate future losses.

13.1 Introduction 325
13.2 The Starting Point 326
13.3 The Second Stage 327
13.4 Calculating the Future Loss Claim 327
13.5 Placing the Claimant Back into the Position that he or she Would Have Been in but for the Accident 327
13.6 Some Useful Formulae 328
13.7 Working Example 329
13.8 Can the Real Rate of Return be Varied from 2.5% 331
13.9 The Courts Act 2003 331
13.10 Sowden v Lodge (2004) Court of Appeal ¬Local Authority Care Provision 335
13.11 Future Losses Check¬list 336
13.12 Suggested further reading 337
13.13 The Ogden Tables 337