Treasury consults on £95,000 cap on public sector payouts

The Treasury is consulting on draft regulations to introduce a cap of £95,000 on exit payments in the public sector, which are being introduced in response to concerns about the number of such payments that exceed or come close to £100,000 and the need to ensure they represent value for money

The Small Business Enterprise and Employment Act 2015 as amended by the Enterprise Act 2016 sets out the duty to implement the cap through secondary legislation.

Read more at the Accountancy Daily.