Fair Play on Redundancy Pay Video

14 03 2009

Since Redundancy pay was introduced in 1965 its value has decline drastically in real terms Due to real term increases in wage levels and inflation, the current value of SRP is just 56% of the UK’s average weekly wage.

The Labour MP Lindsay Hoyle is currently attempting to secure legislative change in the House of Commons via his Private Members Bill, which calls for the calculation mechanism to be reviewed.

On Friday the bill had its first reading an survived this round with enough MPs turning up for the debate to make sure the bill did not get talked out.

Unions Together have done a short campaign video

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