HC Deb 28 February 1975 vol 887 cc281-2W
Mr. Trotter

asked the Secretary of State for Trade when the limit of £200 per employee for preferential claims against insolvent employers was established; what the current equivalent will be in the light of present-day values and if he will increase the limit.

Mr. Clinton Davis

The limit was established in the Companies Act 1974. I understand that the current equivalent to the £200 limit at the present-day values is about £765. Proposals for restoring the value of monetary limits are being considered in connection with possible future insolvency legislation.

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