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Hello,
There is no fixed or set amount, it depends on a case by case basis. However, you may always try and negotiate for a higher offer than the £300 e.g. if you meet halfway, you may agree to settle on £1050 or so. Us lawyers have a saying, a bad settlement is better than no settlement.
It is always better to try and settle out of court as you may end up losing in court and incurring additional fees.
All the best. Please leave a positive rating if this is helpful.