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Old 22nd Sep 2010, 07:54
  #19 (permalink)  
Whenurhappy
 
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I think the most significant element is the statement hidden in the explantory memorandum to this order:

The levels of payments are comparable with those more widely available in the public sector, but as a result of HM Treasury requirements, are in most cases, less valuable than existing arrangements. To ease the transition to the new payment levels, interim arrangements will apply to the value of the certain payments. These interim terms will apply to any redundancies falling on 6th April 2010 and ending on 31st March 2013.

For anyone ahveing completed a normal engagement, it reads that 9 months' (basic) pay would be awarded - much better than the 1 week's pay per year of serice (capped at GBP 380 per week).
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