The number 118,223 represents the 2025/26 statutory cap on compensatory awards for ordinary unfair dismissal in the UK, limiting compensation to the lower of this figure or 52 weeks' gross pay. This cap is scheduled to be removed on January 1, 2027, under the Employment Rights Act, allowing for uncapped compensation based on actual financial loss. For more information, see the updates on UK employment law from Skadden Arps . Law at Work: hot topics - Taylor Wessing