PARLIAMENTARY WRITTEN QUESTION
Public Sector: Redundancy Pay (30 October 2020)

To ask the Chancellor of the Exchequer, with reference to his Department's document, Public sector exit payments: Response to the consultation, published in July 2020, what his timescale is for introducing limits on public sector redundancy payments.

Asked by:
Matt Western (Labour)

The Small Business, Enterprise and Employment Act 2015 as amended by the Enterprise Act 2016 granted HM Treasury the power to implement the £95,000 public sector exit payment cap through secondary legislation in the form of affirmative regulations.

HMT consulted on draft regulations to implement the exit payment cap in 2019 and laid regulations before Parliament in July 2020. The public sector exit payment cap will come into force on 4 November 2020, which is 21 days after the regulations were made.

Answered by:
Steve Barclay (Conservative)
4 November 2020