People who lost jobs in business failures thrown vital lifeline by Insolvency Service

People who lost jobs in business failures thrown vital lifeline by Insolvency Service

The Redundancy Payments Service (RPS) received 85,592 redundancy payments claims in 2023-2024
Funding of £494 million from National Insurance payments helped people who had been left in financial crisis
The service ensured claims for redundancy payments were processed in an average of 10 days

The Insolvency Service paid out more than £490 million in redundancy payments during 2023-24 to people who had been left in financial distress after the…

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24 July 2024

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