LONDON (Reuters) – Britain will ease the regulations for stricken businesses to help them survive the coronavirus crisis, including simplifying the insolvency system to keep companies trading, Business Secretary Alok Sharma said on Saturday.
“Our overriding objective is to help UK companies which need to undergo a financial rescue or restructuring process to keep trading,” he said.
“These measures will give those firms extra time and space to weather the storm and be ready when the crisis ends, whilst ensuring that creditors get the best return possible in the circumstances.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.