Member

I am almost at the end of my responses. The noble Baroness, Lady Finn, asked why we are updating the thresholds now when they were updated last year. The replacement thresholds in this SI are already applicable to UK procurement. However, as the thresholds raised these levels after the Act received Royal Assent, they are not yet reflected in the Act. This instrument updates the text in the Act to bring the thresholds in line with the values that have been applicable since last year.