delete The Metropolitan Police (Capital Finance) Order 2000
The Metropolitan Police (Capital Finance) Order 2000 sets the Metropolitan Police Authority's initial credit ceiling at £160,645,003 and establishes special capital finance arrangements following the transfer of liabilities under the Greater London Authority Act 1999. It amends the Local Authorities (Capital Finance) Regulations 1997 to classify certain repayment sums as capital receipts, sets the reserved part at 100% for such receipts, and provides adjusted credit ceiling calculations specific to the Metropolitan Police Authority.
This regulation creates bespoke accounting rules for a single public body, distorting capital finance treatment with a 100% reserved part requirement that prevents flexible use of capital receipts. Such entity-specific technical rules impose compliance costs and administrative burden without clear market benefits. The special treatment for the Metropolitan Police Authority - setting aside general principles applicable to other local authorities - exemplifies the type of targeted government intervention that distorts economic decision-making and should be eliminated as part of regulatory rationalization.