Statutory Instruments
SOCIAL SECURITY
Made
28th March 2007
Coming into force
9th April 2007
As a result of carrying out a review of the sums referred to in section 150(1)(a)(i) (rates of benefits, etc.) of the Social Security Administration Act 1992 (1) the Treasury have determined that the general level of prices was higher at the end of the period under review than it was at the beginning.
A draft of the following Order was laid before and approved by resolution of each House of Parliament in accordance with sections 150(2) and 190(1)(a) of that Act.
Accordingly the Treasury make the following Order in exercise of powers conferred by sections 150(2) and 189(4) of that Act and now vested in them(2):
1. This Order may be cited as the Guardian’s Allowance Up-rating Order 2007 and shall come into force on 9th April 2007.
2. In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 1992 (3) (amount of guardian’s allowance) for “£12.50” substitute “£12.95” (4).
Claire Ward
Dave Watts
Two of the Lords Commissioners of Her Majesty’s Treasury
28th March 2007
(This note is not part of the Order)
This Order is made by the Treasury as the consequence of a review, conducted by them under section 150 of the Social Security Administration Act 1992 (c.5) of the general level of prices. It details the amount mentioned in section 150(1) which it falls to the Treasury to determine in consequence of the transfer of functions in respect of guardian’s allowance under section 49(3) of the Tax Credits Act 2002 (c.21).
Article 1 provides for the citation and commencement of the Order.
Article 2 increases the weekly rate of guardian’s allowance prescribed in paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 1992 (c.4) from £12.50 to £12.95.
A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
This Order does not impose any new costs on business.
The functions of the Secretary of State in respect of guardian’s allowance under Part 10 of the Act which are relevant to the making of this Order were transferred to the Treasury by section 49(3) of the Tax Credits Act 2002 (c.21).
Last amended by article 2 of S.I. 2006/957.