The Income Support (General) (Standard Interest Rate Amendment No. 2) Regulations (Northern Ireland) 2001
These Regulations amend Schedule 3 to the Income Support (General) Regulations (Northern Ireland) 1987 with respect to the standard rate of interest applicable to a loan which qualifies for income support. The rate is decreased from 6·94 per cent. to 6·65 per cent. (regulation 2). The Regulations also revoke, with a saving provision, the Income Support (General) (Standard Interest Rate Amendment) Regulations (Northern Ireland) 2001 which made a previous amendment to the standard rate of interest (regulation 3).