§ Mr. Hayhoeasked the Secretary of State for Employment what was the average weekly outflow from the redundancy fund during the last three months; and how long he estimates that the fund will remain solvent if this trend continues.
§ Mr. John FraserThe average weekly outflow from the Redundancy Fund during the period of 13 weeks ended 25th July was £1,828,000. At the present rate of depletion, it is estimated that the Fund will need to make use of its authorised borrowing powers some time during the next three months.