Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department has taken to implement the recommendations of the Insolvency Service consultation on the corporate insolvency framework; and what plans he has to reform the current system.

Following the publication of the summary of responses to the consultation in September 2016, the Government has continued to engage with a very wide range of interested parties to further discuss and explore issues raised in responses to the consultation. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.