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@ojeffcott
There is a common belief to reject the first two offers made by the defendants, or to appeal mib decisions to get more money. This is a bit of an urban legend, and every offer should be looked at on its merit.
On one hand, it may be that the mib's offer is too low, and they could award you more if you appeal. Alternatively, if you go to an appeal hearing and are awarded less than what the mib offered you, or the arbitrater thinks that you appealed unneccessarily, then you could be liable for the arbitration fee - around £600.