Profit-related Pay

HC Deb 28 June 1988 vol 136 c181W

Mr. Robert G. Hughes

To ask the Chancellor of the Exchequer what steps he is taking to monitor the progress of profit-related pay.

Mr. Brooke

The Inland Revenue reports to me on particular points as they arise. I receive statistical and monthly reports from the Revenue. These show that to the end of May, 694 schemes covering 103,000 employees had been registered by the profit-related pay office in Cumbernauld. This is satisfactory progress. Now that PRP is becoming established, I have decided to supplement these reports with a study which I have commissioned from IFF Research Limited. The terms of reference for the study are being placed in the House Library. This will be an early stage of a continuing programme of monitoring. It will seek information about the way employers view and use PRP.