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12. In the Family Credit Regulations—
(a)in regulation 46(4) (determination of appropriate maximum family credit) the capital sum prescribed is £3,000;
(b)in regulation 46(4), (5) and (6) the amount specified for the credit in respect of a child or young person is nil;
(c)in regulation 47(1) (applicable amount of family credit) for the sum of £62.25 there shall be substituted the sum of £66.60;
(d)in paragraph 19(b) of Schedule 2 (sums to be disregarded in the calculation of income other than earnings) for the sum of £8.05 there shall be substituted the sum of £8.60; and
(e)in Schedule 4 (determination of maximum family credit) the sums prescribed shall be increased so as to have effect as set out in Schedule 2 to this order.
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