xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Valid from 07/01/2014
Valid from 01/10/2014
50(1)Unless it would be unreasonable having regard to paragraph 48(1), there is a presumption that the pitch fee will increase or decrease by a percentage which is no more than any percentage increase or decrease in the consumer prices index calculated by reference only to—E+W
(a)the latest index, and
(b)the index published for the month which was 12 months before that to which the latest index relates.
(2)In sub-paragraph (1) “the latest index” means—
(a)in the case where the owner serves a notice under paragraph 47(3), the latest index published before the day on which that notice is served, and
(b)in the case where the owner serves a notice under paragraph 47(7)(b), the latest index published before the day by which the owner was required to serve a notice under paragraph 47(3).