(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”.