Redundancy Pay

(asked on 12th January 2015) - View Source

Question

To ask Her Majesty’s Government whether they will list all the payments made by the Redundancy Payments Office, their value, and the companies in respect of which each was made, in each year from 2003 to 2014.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Shadow Minister (Treasury)
This question was answered on 20th January 2015

The Insolvency Service’s Redundancy Payments Service (RPS) receives on average 75,000 individual claims a year.

In the last four financial years, the RPS has paid out the following in statutory payments:

Date

Cases received

Amount paid by RPS

2010-2011

12,356

£576,526,767

2011-2012

10,883

£414,210,703

2012-2013

13,355

£440,256,838

2013-2014

9652

£334,377,039

Annual data prior to 2010 and a breakdown of the individual case names and payments are not readily available, and could only be obtained at disproportionate cost.

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