The annual increase in tribunal awards has been announced, pursuant to section 34 of the Employment Relations Act 1999.
The important changes are:
• compensatory award for unfair dismissal - from £51,700 to £52,600;
• basic award for unfair dismissal - from £240pw to £250pw;
The other increases are set out in the statutory instrument, the Employment Rights (Increase of Limits) Order 2002, which can be seen here.
The increases have effect where the 'appropriate date' (which, for unfair dismissal claims, is the effective date of termination) is on or after 1st February 2002.
[Thanks to James Carmody of Bolt Burdon for notifying me of these changes]