Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Carry definition

What does Carry mean? In legal and financial practice, carry (often, cost of carry) describes the net financing cost or benefit that accrues while an asset, liability or hedging position is held over time. It covers both explicit cash flows and opportunity costs. Carry typically includes interest paid to fund a position (or received on cash), repo or securities lending rates, margin and collateral funding, and, where relevant, storage, insurance and similar holding costs, offset by income such as deposit interest, coupons or dividends. Foregone interest on cash committed to an investment or posted as collateral is part of carry. The term is a...

Collective Redundancy Consultation in Great Britain: Step-by-Step Guide to Triggers, Representative Elections, Information/Consultation Obligations, HR1 Notification and Timelines

Published by a LexisNexis Employment expert

Practice notes

This ‘how to’ resource, presented as a practical toolkit, explains how to conduct Redundancy Consultation when statutory collective consultation duties arise. It sets out the approach an employer should take when engaging with appropriate representatives in a redundancy context, and maps the steps for consulting both representatives and individual staff. For a how to guide on consulting with individuals where statutory collective consultation obligations do not apply, see Practice Note: How to Carry out individual redundancy consultation.

Initial considerations—what kind of consultation is required

When managing a redundancy scenario, an employer’s first question is whether it must consult collectively with the workforce (or appropriate representatives) or proceed solely with individual consultation.

The employer will need to consult collectively with staff in the following circumstances:

it proposes to dismiss as redundant 20 or more employees at a single establishment within any period of 90 days or less (see: Deciding whether statutory collective consultation is required below).

In those situations, the employer has statutory duties under the Trade Union and Labour Relations (Consolidation) Act 1992 (TULR(C)A 1992):

to inform (see: The obligation to inform below)
to consult (see: The obligation to consult as set out below where indicated in this guidance document...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...