Made under the Government Trading Funds Act 1973
1 statutory instrument made using powers in the Government Trading Funds Act 1973, newest first. Each one is explained section by section in plain English.
The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025
- Department: Department for Science, Innovation and Technology
- Made under: Government Trading Funds Act 1973
The Order revoked the 2024 amendment to the Meteorological Office Trading Fund's borrowing limit, while preserving the amended £400,000,000 limit.
The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025 revokes the 2024 Order that increased the Meteorological Office's borrowing limit to £400,000,000.
However, this revocation includes a saving provision that maintains the £400,000,000 limit.
The 2024 Order was laid before both Houses of Parliament, despite only needing House of Commons approval; this Order corrects that procedural error while preventing any reduction in the borrowing ceiling.