As a result of carrying out a review of the sums referred to in section 150(1)(a)(i) (rates of benefits, etc.) of the Social Security Administration Act 1992(1) the Treasury have determined that the general level of prices was higher at the end of the period under review than it was at the beginning.
A draft of the following Order was laid before and approved by resolution of each House of Parliament in accordance with sections 150(2) and 190(1)(a) of that Act.
Accordingly, the Treasury make the following Order in the exercise of the powers conferred by sections 150(9) and 189(4) of that Act and now vested in them(2).
This Order may be cited as the Guardian’s Allowance Up-rating Order 2008 and shall come into force on 7th April 2008.
2-
Amendment of Schedule 4 to the Social Security Contributions and Benefits Act 1992
In paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 1992(3) (amount of guardian’s allowance) for “£12.95” substitute “£13.45”.
26th March 2008
Dave Watts
Frank Roy
Two of the Lords Commissioners of Her Majesty’s
Treasury
This Order is made by the Treasury as the consequence of a review, conducted by them under section 150 of the Social Security Administration Act 1992 of the general level of prices.
The amounts in this Order were last amended by the Guardian’s Allowance Up-rating Order 2007 (S.I.2007/1054). The amounts referred to in that Order are superseded by the amounts referred to in this Order.
Article 2 increases the weekly rate of guardian’s allowance prescribed in paragraph 5 of Part 3 of Schedule 4 to the Social Security Contributions and Benefits Act 1992 from £12.95 to £13.45.
A full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
