HC Deb 28 October 1975 vol 898 c473W
Mr. Woof

asked the Secretary of State for Employment what is the current state of the Redundancy Fund; and how this compares with previous years.

Mr. John Fraser

As at 24th October 1975 the Redundancy Fund was in credit £4,500,486. Corresponding figures in previous years from 1969 were as follows:

24th October 1969 (Deficit) 10,766,753
23rd October 1970 (Credit balance) 593,864
22nd October 1971 (Deficit) 1,771,758
27th October 1972 (Deficit) 6,954,962
26th October 1973 (Credit balance) 5,613,654
25th October 1974 (Credit balance) 21,995,466

Mr. Woof

asked the Secretary of State for Employment how much was paid out in redundancy payments in 1973 and 1974, up to the latest available date; and how many persons have qualified for payments in each of those years.

Mr. John Fraser

The following information relates to employees in respect of whom payments, including rebates to employers and guarantee payments, were made from the Redundancy Fund during the periods shown.

Period Number of employees concerned Total received by employees concerned
1973 176,919 66,573,000
1974 182,161 73,560,000
1st January 1975–30th June 1975 147,630 69,700,000