§ Mr. Bishop
asked the Secretary of State for Employment and Productivity what amount has been paid out of the Redundancy Payments Act funds in each year of its operation; what is the total amount to date; and whether she will review the compensation paid in the light of recent values.
§ Mr. Hattersley
From 6th December, 1965, when the Redundancy Payments Act came into operation, payments from the Redundancy Fund in respect of redundancy payments and equivalent payments have been as follows:
Period Amount£ million 6th December, 1965 to 31st March, 1966 2.6 1st April, 1966 to 31st March, 1967 26.2 1st April, 1967 to 31st March, 1968 39.9 1st April, 1968 to 31st October, 1968 28.1 Total 96.8
As redundancy payments are related to pay immediately before redundancy, they reflect upward movements in basic pay, and I see no reason for reviewing this basis of payment.