The Employment Rights (Increase of Limits) Order 2007 has been laid before parliament.
This year's core compensation limit increases are:-
- week's pay (basic award / redundancy payment) - from £310 to £330
- maximum compensatory award - from £60,600 to £63,000
The new limits apply to dismissals occurring on or after 1st February 2008.
[Thanks to www.emplaw.co.uk, who featured this news in a recent bulletin]