BIS has announced the yearly increase in a statutory weeks pay taking effect from 6th April 2016 shall be a raise from £475 to £479.  

This has the effect of increasing statutory redundancy pay calculations and the maximum sum payable for statutory redundancy pay. 

It also has the effect of increasing the maximum award for (capped) unfair dismissal to £78,962 from the current £78,335 for dismissals where the effective date of termination is after 6th April 2016.