Business Secretary announces supportive measures

The Business Secretary Alok Sharma has announced new insolvency measures to support businesses under pressure as a result of the coronavirus outbreak.

The Government will amend insolvency law to give companies breathing space and keep trading while they explore options for rescue and temporarily suspending wrongful trading provisions retrospectively from 1 March 2020 for three months.

You can view a copy of the Business Secretary's announcement online.

Posted 9:41 AM | Permalink