Memorandum from the Department of Work and Pensions
INCOME SUPPORT (GENERAL) (STANDARD INTEREST RATE
(NO. 2) REGULATIONS 2001 (S.I. 2001/2676)
1. The Joint Committee has requested that the Department
submit a memorandum concerning the above regulations on the following
"Regulation 3 provides for the earlier 2001
Regulations to be revoked with the saving that they are to continue
to have effect until "the day before" the first day
of the relevant benefit week. Explain why the quoted words have
been included. Is it intended that the revoked Regulations should
not apply on the day before the first day of the relevant week?
If this is not the intention, ought not the quoted words to have
2. It is intended that the change effected by the
above regulations should take effect on the first day of the relevant
week. It follows that the intention is that the earlier 2001 Regulations
should continue to have effect until the end of the day
before that day. To the extent that regulation 3 as drafted could
be construed as effecting the revocation of the earlier regulation
at the beginning of the day before the first day of the
relevant week, we agree that it would have been clearer if the
words "the day before" had been omitted.
3. The above regulations will shortly be revoked
in regulations implementing a further change to the standard interest
rate and making other amendments. In revoking these regulations,
we will ensure that the relevant savings provision is drafted
in clearer terms.
4. We are grateful to the Committee for drawing this
to our attention.
25 October 2001