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Liability Risk and Insurance

Awards and settlements

The value of employment tribunal awards increased from 1 February 2000, in accordance with the new system of automatic index linking. The current changes reflect the Retail Price Index between September 1997 and 1999, so that the maximum amount of ‘a week’s pay’, for calculating basic or additional compensation in cases of unfair dismissal or for statutory redundancy will rise by £10 to a limit of £230.

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