Draft Order laid before Parliament under section 122(12) of the Postal Services Act 2000, for approval by resolution of each House of Parliament.
Draft Statutory Instruments
Postal Services
Made
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Coming into force
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The Secretary of State, with the consent of the Treasury, makes the following Order in exercise of the power conferred by section 103 of the Postal Services Act 2000(1).
In accordance with section 122(12) of that Act, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.
1. This Order may be cited as the Post Office Network Subsidy Scheme (Amendment) Order 2010 and shall come into force on the day after the day on which it is made.
2. In paragraph 4(2) of the Schedule to the Post Office Network Subsidy Scheme Order 2007(2), for £160,000,000 substitute £500,000,000.
Name
Title
Department for Business, Innovation and Skills
Date
We consent,
Name
Name
Two of the Lords Commissioners of Her Majesty’s Treasury
Date
(This note is not part of the Order)
This Order amends the Post Office Network Subsidy Scheme Order 2007 to increase from £160,000,000 to £500,000,000 the maximum annual amount payable by way of subsidy by the Secretary of State to Post Office Limited to assist in the establishment and provision of public post offices by Post Office Limited.
An Impact Assessment (“IA”) has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.