Statutory redundancy pay increase

The budget that was announced today by Alistair Darling will cause controversy across the employment sector. The announcement included a rise in statutory redundancy pay from £350 to £380 for every year of service. He did not say when the change would happen but he did say that it was important for those who have been affected by the recession.

This may cause concerns for business who are planning on redundancies, it is a difficult time for many companies and the extra money has not been budgeted.

The budget also included £1.7billion towards funding for Job Centres to combat the growing rate of the unemployed.

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