PART 4FURTHER PROVISION IN CONNECTION WITH PARTS 2 AND 3
F1Uprating for inflation
F286ADuty to consider effects of inflation
1
Before the end of each financial year, the Scottish Ministers must—
a
calculate the inflation-adjusted level of each relevant figure,
b
prepare a report that complies with subsection (2),
c
lay a copy of the report before the Scottish Parliament, and
d
make the report publicly available by such means as the Ministers consider appropriate.
2
A report prepared under subsection (1)(b) complies with this subsection if it—
a
states what the Scottish Ministers have most recently calculated to be the inflation-adjusted level of each relevant figure,
b
explains how the Ministers calculated the inflation-adjusted levels, and
c
states what (if anything) the Ministers have done, or intend to do, in light of their calculations and their reasons for that decision.
3
In this section, “relevant figure” means―
F3a
a figure prescribed as the value, or part of the value, of the assistance that is to be given to an individual in regulations under—
i
any section in Chapter 2 of Part 2, or
ii
section 79, but
b
not a figure which is so prescribed to apply only in respect of periods that have ended, or events that occurred, before a particular date.
4
The inflation-adjusted level of a figure prescribed in regulations is to be calculated for the purposes of this Chapter as follows—
where—
f is the figure prescribed, and
i is the number of percentage points which the Scottish Ministers consider reflects the change in the general level of relevant prices since a copy of a report was last laid before the Scottish Parliament under subsection (1)(c).
5
It is for the Scottish Ministers to decide what prices are “relevant prices” in terms of subsection (4).
F46
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S. 86A cross-heading inserted (11.10.2021) by Social Security Administration and Tribunal Membership (Scotland) Act 2020 (asp 18), ss. 7(5), 18(2)(3) (with s. 8); S.S.I. 2021/338, reg. 2