It is legal because I've only been there for 18 months - I think the official term is "Laid off" but it amounts to the same thing.
I'm being paid until the end of the week + my holiday entitlement.
Yep, it's crap but it's a small family business and I think he's going to go down the pan altogether before too long.
I liked the boss, he is also a biker, and I feel sad for both of us. He is facing a larger financial ruin than I am.