My firm deals with quite a few Compromise Agreements and redundancy scenarios at the moment.
There is interesting news from the Budget.
Alastair Darling, the Chancellor of the Exchequer, has announced that the maximum of a week's pay for statutory redundancy payment purposes will increase from £350 to £380. Accordingly, the maximum statutory redundancy payment will rise from £10,500 to £11,400. However:-
Do not jump with fear straight away, the Chancellor was silent on when this change will come into effect.
Justin Patten, Solicitor and Mediator