PART 2Employment
Miscellaneous
22Indexation of amounts: timing and rounding
1
Section 34 of the Employment Relations Act 1999 (indexation of amounts, etc) is amended as follows.
2
In subsection (2)—
a
omit “as soon as practicable”;
b
at the end insert “
, with effect from the following 6th April
”
.
3
In subsection (3), for the words after “the Secretary of State shall” substitute “
round the result to the nearest whole pound, taking 50p as nearest to the next whole pound above
”
.