Regulation 3 Allowance for impact of inflation

(1)

Average Weekly Earnings is prescribed as the published information for use instead of the retail prices index for the purposes of paragraph 9(2) of Schedule C1 to the Damages Act 1996.

(2)

In paragraph (1), “Average Weekly Earnings” means the measure of short-term average earnings used to measure changes in earnings over time—

(a)

published periodically by the Statistics Board^f1 under the title “Average weekly earnings in Great Britain”^f2;

(b)

based on that body’s Monthly Wages and Salaries Survey^f3; and

(c)

which relates to the whole of the economy of Great Britain.

Annotations

Footnotes

f1: The Statistics Board was established by section 1(1) of the Statistics and Registration Service Act 2007 (c.18).
f2: The relevant bulletin is made available each month on the following webpage https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours.
f3: The Monthly Wages and Salaries Survey is conducted under the Statistics of Trade Act 1947 (c.39).