Conditions of Employment: Insolvency
Commons · Question 14404 · Tabled 14 Nov 2024 · Department for Business and Trade · Official record
Answered 20 Nov 2024
Question
Asked by Simon Opher
To ask the Secretary of State for Business and Trade, if he will make it his policy to strengthen employee rights for those who were employed by an employer that has become insolvent.
Answer
Answered by Justin Madders, 20 Nov 2024
When an employer enters insolvency, the Government’s Redundancy Payments Service (RPS) can pay statutory amounts owed to employees from the National Insurance Fund. These include redundancy pay, holiday pay, arrears of pay, compensatory notice pay and pen...