§ 37. Mr. John D. Grantasked the Secretary of State for Employment what is the current deficit in the Redundancy Payments Fund; what is the estimated deficit for the end of the year; and if he is considering either an increase in contributions or a reduction of benefits.
§ Mr. David HowellThe deficit in the Redundancy Fund at the end of last week was about £2.4 million and may be somewhat higher at the end of the year. My right hon. Friend is keeping the position under review and will consider, if it becomes necessary to do so, what remedial measures would be appropriate.