§ Mr. Chapmanasked the Secretary of State for Employment what is now the average statutory redundancy payment; and what proportion of it is met from the redundancy fund.
§ Mr. Tom KingIn the period April to September this year the average payment was £1,500. The redundancy fund pays a rebate of 41 per cent. to employers. I shall be introducing an order later in the Session to reduce that rebate to 35 per cent. as from next April.