HC Deb 13 November 1973 vol 864 c99W
Mr. Meacher

asked the Secretary of State for Employment how many executives he estimates will have their income this year affected by the limitation imposed on profits-related payments; how many he estimates will draw the maximum now permitted; and what action he is taking to prevent money previously earmarked for this purpose above the limit being kept in reserve for payment later.

Mr. Dudley Smith

Information on which to base such estimates is not available; a promise to make payments at a later date in contravention of this, or of any other, provision of the code would be treated by the Pay Board as a current benefit and required to be set against the pay limit.