The Employment Rights (Increase of Limits) Order 2006 sets out the increase in limits to tribunal awards. These will come into force on 1st February 2007.
The key increases are as follows:
compensatory award for unfair dismissal - £60,600 (up from £58,400)
a week’s pay (for basic award, redundancy payments etc.) - £310 (up from £290)
[update 2020 - the figures have gone up every year since and are now £88,519 and £538]