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Orders of the Day — Reduction of Redundancy Rebates Bill

Part of the debate – in the House of Commons at 12:00 am on 7th February 1977.

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Photo of Mr Douglas Henderson Mr Douglas Henderson , Aberdeenshire East 12:00 am, 7th February 1977

When the Minister introduced the Bill he was somewhat diffident about it. He said that it was a simple Bill, but he was somewhat diffident about the effect it would have and the financial and economic implications. I think I am right in saying that he told us that the cost would be 1·8 per cent. of 1 p per week. I am sure that he will correct me if I am wrong. He added that that is not very much as an overall cost. Of course, but it is not the overall cost that matters. The main problem is where the cost has an impact. In fact, it has an impact exactly when redundancies occur. There is a substantial cost at the moment at which this measure applies.