It is only a matter of time before the whistle blowing award culture in the USA comes to the UK. In the UK whistle blowing is governed by the Public Interest Disclosure Act 1998. The whistle blower is not awarded any payment for disclosure however, the whistle blower may be awarded compensation if they suffer any loss due to the whistle blowing. This is not a massive incentive to whistle blowers in the UK. They may get compensated if they are dismissed by reason of the whistle blowing. The compensation will be limited to the amount of an unfair dismissal claim.
Whistle blowers in the UK are only likely to come forward out of a sense of public duty however, they may suffer significant repercussions such as dismissal for which they would have to fight to get compensation. Not a great incentive to come forward!
I know which system I prefer.
The popularity of whistle-blowing was evident again Tuesday, when the Securities and Exchange Commission announced it had given a $22 million award to a whistle-blower for help in stopping a “well-hidden fraud” at a company the agency did not name.