§ Mr. Woofasked the Secretary of State for Employment what is the current state of the Redundancy Fund; and how this compares with previous years.
§ Mr. John FraserAs at 24th October 1975 the Redundancy Fund was in credit £4,500,486. Corresponding figures in previous years from 1969 were as follows:
£ 24th October 1969 (Deficit) 10,766,753 23rd October 1970 (Credit balance) 593,864 22nd October 1971 (Deficit) 1,771,758 27th October 1972 (Deficit) 6,954,962 26th October 1973 (Credit balance) 5,613,654 25th October 1974 (Credit balance) 21,995,466
§ Mr. Woofasked the Secretary of State for Employment how much was paid out in redundancy payments in 1973 and 1974, up to the latest available date; and how many persons have qualified for payments in each of those years.
§ Mr. John FraserThe following information relates to employees in respect of whom payments, including rebates to employers and guarantee payments, were made from the Redundancy Fund during the periods shown.
Period Number of employees concerned Total received by employees concerned £ 1973 176,919 66,573,000 1974 182,161 73,560,000 1st January 1975–30th June 1975 147,630 69,700,000