Public Fat Cat Payoffs Axed
The Sunday Mirror|March 21, 2021
Plan to pull plug on eye-watering severance deals
Nigel Nelson
Public Fat Cat Payoffs Axed

Whitehall fat cats are set to lose their bumper payoffs in a crackdown on severance bonanzas in the public sector.

Treasury Secretary Stephen Barclay plans to cap discretionary payments, which can be as much as £500,000.

And he is looking at ways to stop those with who get them walking straight into another job.

He said: “I was alarmed by the size of payouts often linked to poor performance.

This story is from the March 21, 2021 edition of The Sunday Mirror.

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This story is from the March 21, 2021 edition of The Sunday Mirror.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.