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How much compensation has MIB paid?

In 1946-1947, the first year of its operation, the Bureau paid compensation totalling £11,500.

 

In 2006 the MIB Levy was £360M

 

In 2004 compensation was paid totalling £267.2m.

 

Total Gross Compensation Payments in 2006 totalled £356.0M

 

The administration cost to the Bureau for 2004 was £11m.

 

The administration cost of running the MIB (including MIIC) in 2006 was £19.0M

 

Total compensation paid since 1946 amounts to more than £2 billion.

 

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