Limits on tribunal awards and statutory payments to increase from April 2017

The maximum compensatory award for unfair dismissal will rise from £78,962 to £80,541.

The maximum amount of a week's pay, used to calculate statutory redundancy payments and various awards including the basic and additional awards for unfair dismissal, also rises from £479 to £489.

Guaranteed pay (where no work available) increases to £27 per day, maximum five days in any three months.