§ 12. Mr. Terry Walkerasked the Secretary of State for Employment if he will take steps to increase the maximum figure of redundancy payments, in view of the decrease in the value of the £ sterling.
§ Mr. John FraserMy right hon. Friend is prepared to consider proposals for desirable changes to the statutory redundancy scheme. They will be included in the forthcoming employment protection Bill and my hon. Friend's suggestion will be considered in this connection.
§ Mr. WalkerThat is very welcome news, because due to the growth of technology more and more workers are now reliant on the Redundancy Payments Act. This statement by the Minister will be very welcome indeed.
§ Mr. FraserI am grateful for my hon. Friend's remarks.