Redundancy Pay: Insolvency Service

Department for Business and Trade written question – answered on 8th March 2023.

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Photo of Justin Madders Justin Madders Shadow Minister (Future of Work), Shadow Minister (Business and Industrial Strategy)

To ask the Secretary of State for Business and Trade, how many statutory redundancy payments were processed by the Insolvency Service in (a) 2021 and (b) 2022.

Photo of Kevin Hollinrake Kevin Hollinrake Parliamentary Under Secretary of State (Department for Business and Trade)

The number of individuals who received a statutory redundancy payment from the Insolvency Service was 37,830 in the 2021 calendar year and 31,815 in 2022.

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