HC Deb 12 February 1981 vol 998 c426W
Mr. John Grant

asked the Secretary of State for Employment what was the cost to public funds of redundancy payments for the years 1978–79 and 1979–80; and what are the estimated costs for 1980–81 and 1981–82, respectively.

Mr. Peter Morrison

The total cost to the redundancy fund of statutory redundancy payments in 1978–79 was £88.6 million and in 1979–80 was £112.8 million. The estimated cost for 1980–81 is about £300 million. No precise estimate of the cost form 1981–82 is possible, but the latest working assumption is that it will be in the range £250 million to £400 million.