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Insovency: Coronavirus

Question for Department for Business, Energy and Industrial Strategy

UIN 32707, tabled on 20 March 2020

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.

Answered on

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.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.