Paragraph 4 F1

(1)

This paragraph applies where—

(a)

a figure for the consumer prices index for a month has become available, and

(b)

the consumer prices index for that month is more than 15% higher than the consumer prices index for the base month.

(2)

The Lord Chancellor must, before the end of the period of 21 days beginning with the day on which the figure mentioned in sub-paragraph (1)(a) becomes available ( “ the publication date ”), make an order under paragraph 3(1).

(3)

But if the Lord Chancellor determines under paragraph 6 that the order should specify an amount other than that mentioned in paragraph 6(1), the Lord Chancellor is to be taken to have complied with sub-paragraph (2) if, within the period of 21 days beginning with the publication date—

(a)

a draft of a statutory instrument containing the order is laid before each House of Parliament, and

(b)

paragraph 6(4) is complied with.

(4)

In this paragraph—

“the base month” means—
1. (a)
  the month in which this Schedule came into force, or
2. (b)
  if one or more orders under paragraph 3(1) have been made before the publication date, the most recent month for which a figure for the consumer prices index was available when the Lord Chancellor made the most recent of those orders;
“consumer prices index” means—
1. (a)
  the all items consumer prices index published by the Statistics Board, or
2. (b)
  if that index is not published for a relevant month, any substituted index or index figures published by the Statistics Board.

Annotations

Textual amendments

F1: Sch. 1A inserted (1.10.2014) by Inheritance and Trustees' Powers Act 2014 (c. 16), ss. 2(1), 12(2), Sch. 1 (with s. 12(4)); S.I. 2014/2039, art. 2