HC Deb 26 June 1992 vol 210 c335W
Mr. Clifton-Brown

To ask the Secretary of State for the Environment what arrangements he proposes to safeguard staff redundancy entitlements in the event of the bankruptcy of a purchaser of a PSA business.

Mr. Redwood

In the event of the purchaser's bankruptcy within five years of the sale the Government will make up any shortfall in the redundancy payments due to civil servants who transferred with the business. This will however be subject to total redundancy payments not exceeding the amount individuals would have received had they been made redundant at the point of sale uprated to allow for inflation.