AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

EMPLOYMENT

17th May 1986, Page 22
17th May 1986
Page 22
Page 22, 17th May 1986 — EMPLOYMENT
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

REDUNDANCY REBATE CHANGES • The abolition of redundancy rebates for employers of ten or more employees will come into effect on August 1, or as soon as the Wages Bill receives Royal Assent, whichever is the later. This is the effect of a recently-tabled Government amendment.

In its present form, the Bill provides for this part to come into effect "on a day to be appointed by the Secretary of State."

The amendment is intended to ensure that the savings in public expenditure achieved by the abolition of certain rebates are diverted immediately towards specific measures to help small firms and promote employment generation. It is hoped to reduce the public expenditure on redundancy rebates by another £40 million in this financial year.