The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025
Source: legislation.gov.uk (2025-08-03)

The Meteorological Office Trading Fund was established by the Meteorological Office Trading Fund Order 1996 (S.I. 1996/774) on 1st April 1996.

This Statutory Instrument has been made in consequence of a defect in S.I. 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\") and is being issued free of charge to all known recipients of that Statutory Instrument.

Statutory Instruments

2025 No. 842

GOVERNMENT TRADING FUNDS

The Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025

Made

9th July 2025

Laid before the House of Commons

14th July 2025

Coming into force

4th August 2025

The Secretary of State, with the concurrence of the Treasury, makes this Order in exercise of the powers conferred by sections 1, 2C(1) and 6(1) of the Government Trading Funds Act 1973(1 (\"#f00001\")).

Citation, commencement and extent

1.—(1) This Order may be cited as the Meteorological Office Trading Fund (Maximum Borrowing) (Revocation and Saving) Order 2025 and comes into force on 4th August 2025.

(2) This Order extends to England and Wales, Scotland and Northern Ireland.

Revocation

2. The Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024(2 (\"#f00002\")) is revoked.

Saving

3. Article 2 (revocation) does not affect the amendment made by the Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024 to article 5 of the Meteorological Office Trading Fund Order 1996(3 (\"#f00003\")) (maximum borrowing etc).

Vallance

Minister of State

Department for Science, Innovation and Technology

9th July 2025

We concur

Taiwo Owatemi

Jeff Smith

Two of the Lords Commissioners of His Majesty’s Treasury

7th July 2025

Explanatory Note

(This note is not part of the Order)

The Meteorological Office Trading Fund was established by the Meteorological Office Trading Fund Order 1996 (S.I. 1996/774 (\"http://www.legislation.gov.uk/id/uksi/1996/774\")) on 1st April 1996.

The Meteorological Office Trading Fund (Maximum Borrowing) Order 2019 (S.I. 2019/927 (\"http://www.legislation.gov.uk/id/uksi/2019/927\")) increased the maximum that the Meteorological Office Trading Fund may borrow from £200,000,000 to £300,000,000. The maximum was further increased from £300,000,000 to £400,000,000 by the Meteorological Office Trading Fund (Maximum Borrowing) (Amendment) Order 2024 (S.I. 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\")).

S.I. 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\") was laid before both Houses of Parliament despite the provision in section 6(3) of the Government Trading Funds Act 1973 (c. 63) (\"http://www.legislation.gov.uk/id/ukpga/1973/63\") that an instrument made under that power is subject to annulment by the House of Commons only. Article 2 of this instrument revokes S.I. 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\"), with a saving in article 3 for the amendment made by S.I. 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\") to article 5 of S.I. 1996/774 (\"http://www.legislation.gov.uk/id/uksi/1996/774\") to ensure that the maximum amount that the Meteorological Office Trading Fund may borrow remains at £400,000,000.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

(1)

1973 c. 63 (\"http://www.legislation.gov.uk/id/ukpga/1973/63\"); section 1 was substituted by section 1(1) of the Government Trading Act 1990 (c. 30) (\"http://www.legislation.gov.uk/id/ukpga/1990/30\"). Section 2C(1) was inserted by paragraph 4(1) of Schedule 22 to the Finance Act 1993 (c. 34) (\"http://www.legislation.gov.uk/id/ukpga/1993/34\"). Section 6(1) was substituted by section 2(3)(a) of the Government Trading Act 1990 (c. 30) (\"http://www.legislation.gov.uk/id/ukpga/1990/30\").

(2)

S.I. 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\").

(3)

S.I. 1996/774 (\"http://www.legislation.gov.uk/id/uksi/1996/774\"), amended by S.I. 2011/2436 (\"http://www.legislation.gov.uk/id/uksi/2011/2436\"), 2016/992 (\"http://www.legislation.gov.uk/id/uksi/2016/992\"), 2019/927 (\"http://www.legislation.gov.uk/id/uksi/2019/927\"), 2023/424 (\"http://www.legislation.gov.uk/id/uksi/2023/424\") and 2024/1170 (\"http://www.legislation.gov.uk/id/uksi/2024/1170\").