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Statutory Redundancy Payments From Insurance Fund

Volume 569: debated on Thursday 8 February 1996

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asked Her Majesty's Government:For each year from 1975 to 1995, what was the cost to the national insurance fund of the failure of companies to meet their obligations to their employees in respect of statutory redundancy payments; how many companies were involved; and how many employees were affected.

The total cost to the national insurance fund of statutory redundancy payments made to employees under section 106 of the Employment Protection (Consolidation) Act 1978 is set out in the following table. The figures include payments to former employees of insolvent businesses. Information on the number of companies and employees involved is not available.

Year£ million
1975–7611.2
1976–7714.5
1977–7814.6
1978–7912.4

Year

£ million

1979–8019.3
1980–8142.0
1981–8253.0
1982–8372.2
1983–8469.0
1984–8557.1
1985–8654.6
1986–8750.2
1987–8834.9
1988–8932.4
1989–9025.7
1990–9167.6
1991–92131.8
1992–93161.9
1993–94130.6
1994–9589.5