§ Mr. Foulkesasked the Chancellor of the Exchequer if the figures which were provided in a reply to the hon. Member for South Ayrshire, Official Report, 18 January, columns 893–4, took account of the statutory redundancy payment which would have been made; and, if not, if he will produce figures taking into account such a payment.
§ Mr. Peter Rees[pursuant to his reply, 11 February 1980]: As stated in the previous answer, no account was taken of any redundancy payment.
On the assumptions stated in the previous question and assuming the man to be aged 45 he would receive a redundancy payment of £2,115 under the statutory scheme.
This payment would be treated as capital by the Department of Health and Social Security and the tariff income of £4.50 a week would be assumed under the terms of Schedule 1, part 3, Paragraphs 19–20 to the Social Security Act 1976. This income would be deducted from the supplementary benefit payable and the total social security benefits while unemployed would therefore be reduced by £234 to £3,108.34 a year.