delete The Public Lending Right Scheme 1982 (Commencement of Variations) (No. 2) Order 2000
This Order brings into force a variation to the Public Lending Right Scheme 1982, increasing the lending right rate from 2.18p to 2.49p per loan for authors whose books are borrowed from public libraries. It is a routine rate adjustment-commencement instrument.
The Public Lending Right Scheme is a taxpayer-funded subsidy to authors that distorts the market for literature by artificially supporting library holdings. Government-set payment rates per loan are classic price controls that prevent market discovery of appropriate compensation. This rate increase perpetuates an interventionist structure that benefits a narrow interest group (authors) at the expense of general taxpayers, while creating perverse incentives in what books get purchased for libraries. The underlying scheme should be abolished entirely, not incrementally expanded through higher rates.