For dismissals occurring on or after 1 February 2008, the maximum compensatory award for Unfair Dismissal is set to increase to £63,000.00 and the cap on a week’s pay (used to calculate Statutory Redundancy Pay and the Basic Award for Unfair Dismissal for those who earn in excess of the cap) is set to increase to £330.00.

Various other limits are also increasing, such as the rate for guarantee pay and the minimum amount for Basic Awards in certain types of case.

Full details can be found here