Friday, May 22, 2015

Public-sector redundancy payoffs to be capped under Tories' enterprise bill

Conservatives will ban six-figure ‘golden parachute’ packages for staff made redundant by public-sector employers such as the NHS, BBC and civil service

Public sector workers in the NHS, BBC and civil service will be banned from getting six-figure redundancy packages under a law to be brought forward in the Queen’s speech next week.

The proposal to outlaw large “golden parachutes” for public sector workers was a manifesto pledge made by the Conservatives, following repeated cases of senior officials getting payoffs in the hundreds of thousands of pounds.

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