Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.Donate to our crowdfunder
I will speak exceptionally briefly because I am keen to hear from the Minister.
I am grateful to my hon. Friend Sir Christopher Chope for introducing this important debate on his private Member’s Bill, which I know exercises the minds of many of my constituents and other people across the country. For most, the idea of having a redundancy payment of six figures is far beyond their reach. Since the great recession, astonishingly, in a number of high-profile cases, severance payments have been seen to be rewarding failure. I am sure that Members are aware of examples. In Scotland, as I said, a string of police chiefs, university bosses and others have seen six-figure payouts in recent years.
So I am pleased that the Government are taking action on this. I again congratulate my hon. Friend on highlighting the issue. I await to hear what the Government are doing to tackle this important issue.