§ Mr. Hayhoe
asked the Secretary of State for Employment why he has allowed the redundancy payments fund to reach more than £60 million; and when he will propose to Parliament that the amount of rebate be increased or employers' contribution reduced.
§ Mr. Golding:
The current surplus is not unreasonable given the fluctuations which have occurred in the amount of rebate payable from the fund over the years. It serves also to reduce the public sector borrowing requirement. The position is under review.