Mr. Robert G. Hughes
To ask the Chancellor of the Exchequer what steps he is taking to monitor the progress of profit-related pay.
§ Mr. Brooke
The Inland Revenue reports to me on particular points as they arise. I receive statistical and monthly reports from the Revenue. These show that to the end of May, 694 schemes covering 103,000 employees had been registered by the profit-related pay office in Cumbernauld. This is satisfactory progress. Now that PRP is becoming established, I have decided to supplement these reports with a study which I have commissioned from IFF Research Limited. The terms of reference for the study are being placed in the House Library. This will be an early stage of a continuing programme of monitoring. It will seek information about the way employers view and use PRP.