From 1 October 2009, a week's pay for the purposes of calculating statutory redundancy pay will be increased from £350 to £380. This increase was announced as part of the 2009 Budget, in recognition of the current economic climate, and will result in a maximum potential statutory redundancy payment of £11,400. This figure is normally increased in February each year and no increase will take place in February 2010. This figure will, therefore, remain the same until February 2011.