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Redundancy payments bill in UK hits £4.4bn

Posted on 9:03am Monday 4th Jul 2011

 

 

 

United Kingdom Redundancy Bill Hits £4.4 bn

 

 

Redundancy payments totaled £4.4 bn over the last fiscal year.

 

 

The figure is only slightly down by two percent on the previous year, as government sector cuts and a fear of employment tribunals continue to push up the level of payments.

 

In the last three years redundancy payments are calculated to have cost United Kingdom employers a total of £13.4 bn.

 

Average redundancy figures reached £9,362 per person in 2010 – 2011. 

 

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Owen Thomas Lowry is a Notary Public who is regulated by the Court of Faculties, 1 The Sanctuary, Westminster, London SW1P 3JT, England.  He is a member of the Notaries Society of England and Wales and he  participants in the Legal Ombudsman Scheme for England and Wales PO Box 6806 Wolverhampton WV1 9WJ.  Our offices are situated in  Suite 5.04 at 9 Devonshire Square Bishopsgate London EC2M 4YF England. He is a member of The Worshipful Company of Scriveners of the City of London and he is a Freeman of the City of London Corporation. www.linkedin.com/in/owenthomaslowry www.notaryengland.co.uk  www.lowryllp.com  NotaryEngland (R) is a trading division of the Lowry International Group of Law Firms.  Owen Thomas Lowry is Managing Partner of the Lowry International Group of Law Firms. http://www.linkedin.com/in/owenthomaslowry http://www.lowryllp.com http://www.notaryengland.co.uk   http://www.lawsociety.org.uk/for-the-public/getting-expert-help/