To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will suspend wrongful trading laws during the covid-19 outbreak.
This answer is the replacement for a previous holding answer.
26 March 2020
The Government recognises the difficulties faced by directors in making decisions about the future viability of their companies in these times of extreme uncertainty, and that the wrongful trading provisions impact on those decisions. The Government is urgently considering a range of measures which aim to help businesses wherever possible where the Covid-19 outbreak is the cause of their financial difficulties.