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The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025
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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
This Statutory Instrument has been made in consequence of a defect in S.I. 2024/1170 and is being issued free of charge to all known recipients of that Statutory Instrument.
Statutory Instruments
2025 No. 842
GOVERNMENT TRADING FUNDS
The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025
Made
9th July 2025
Laid before the House of Commons
14th July 2025
Coming into force
4th August 2025
The Secretary of State, with the concurrence of the Treasury, makes this Order in exercise of the powers conferred by sections 1, 2C(1) and 6(1) of the Government Trading Funds Act 1973(1).
Citation, commencement and extent
1.—(1) This Order may be cited as the Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025 and comes into force on 4th August 2025.
(2) This Order extends to England and Wales, Scotland and Northern Ireland.
Revocation
2. The Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024(2) is revoked.
Saving
3. Article 2 (revocation) does not affect the amendment made by the Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024 to article 5 of the Meteorological Office Trading Fund Order 1996(3) (maximum borrowing etc).
Vallance
Minister of State
Department for Science, Innovation and Technology
9th July 2025
We concur
Taiwo Owatemi
Jeff Smith
Two of the Lords Commissioners of His Majesty’s Treasury
7th July 2025
Explanatory Note
(This note is not part of the Order)
The Meteorological Office Trading Fund was established by the Meteorological Office Trading Fund Order 1996 (S.I. 1996/774) on 1st April 1996.
The Meteorological Office Trading Fund (Maximum Borrowing) Order 2019 (S.I. 2019/927) increased the maximum that the Meteorological Office Trading Fund may borrow from £200,000,000 to £300,000,000. The maximum was further increased from £300,000,000 to £400,000,000 by the Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024 (S.I. 2024/1170).
S.I. 2024/1170 was laid before both Houses of Parliament despite the provision in section 6(3) of the Government Trading Funds Act 1973 (c. 63) that an instrument made under that power is subject to annulment by the House of Commons only. Article 2 of this instrument revokes S.I. 2024/1170, with a saving in article 3 for the amendment made by S.I. 2024/1170 to article 5 of S.I. 1996/774 to ensure that the maximum amount that the Meteorological Office Trading Fund may borrow remains at £400,000,000.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
(1)
1973 c. 63; section 1 was substituted by section 1(1) of the Government Trading Act 1990 (c. 30). Section 2C(1) was inserted by paragraph 4(1) of Schedule 22 to the Finance Act 1993 (c. 34). Section 6(1) was substituted by section 2(3)(a) of the Government Trading Act 1990 (c. 30).
(2)
(3)
S.I. 1996/774, amended by S.I. 2011/2436, 2016/992, 2019/927, 2023/424 and 2024/1170.
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