§ Mr. CorbynTo ask the Chancellor of the Exchequer what information he has on the number of companies currently using the profit-related pay scheme and on the safeguards for employees who do not wish to join the scheme.
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§ Sir George YoungRegistered tax relieved profit-related pay schemes may apply to both incorporated and unincorporated businesses or parts of a business. As at 30 September 1994, there were 7,773 live PRP schemes registered by the Inland Revenue. To qualify for registration, a scheme must apply to 80 per cent. of the employees within a business, or part. Subject to that requirement, it is for employers to decide the basis on which they introduce a scheme.