Introductory text
Social Security
Made 14th March 2012
Coming into force 9th April 2012
Following a review in the tax year ending with 5th April 2012 of the sums specified in section 150(1)(a)(i) and (i) of the Social Security Administration Act 1992f1 (“the 1992 Act”) (annual up-rating of benefits) the Treasury have determined that the general level of prices in Great Britain is greater at the end of the period under review than it was at the beginning.
In accordance with sections 150(2)(a) and (c) and 190(1)(a) of the 1992 Act, a draft of this Order was laid before and approved by a resolution of each House of Parliament.
Accordingly the Treasury make the following Order in exercise of the powers conferred by sections 150(9) and (10)(a)(i) and 189(4) of the 1992 Act and now vested in themf2.
Annotations
Footnotes
- f1
- f2
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The functions of the Secretary of State under Part 10 of the 1992 Act (review and alteration of benefits: Great Britain) so far as relating to child benefit and guardian’s allowance were transferred to the Treasury by section 49(3) of the Tax Credits Act 2002 (c. 21).