Alok Sharma Britain county Will Coronavirus Covid-19 and Alok Sharma Britain county Will

Bankruptcy laws and red tape to be ditched to help UK firms survive cornavirus crisis

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dailyrecord.co.uk

The UK Government will ease the regulations for stricken businesses to help them survive the coronavirus crisis, Business Secretary Alok Sharma has said The steps to cut red tape will include simplifying the insolvency system to keep companies trading.Legislation at Westminster will be changed to help companies stay afloat and avoid bankruptcy.Sharma said: "Our overriding objective is to help UK companies which need to undergo a financial rescue or restructuring process to keep trading."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."Companies required to hold annual general meetings will be be

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