Insolvency Service: Finance

(asked on 3rd November 2021) - View Source

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

To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 2 November (HL3272), what plans they have to commit extra resources to the Insolvency Service should the Ratings (Coronavirus) and Directors Disqualification Bill receive Royal Assent.

Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 16th November 2021

Following the outcome of Spending Review 2021, the Government is currently considering the resourcing level needed for the Insolvency Service to undertake its statutory functions which includes the additional proposed enforcement requirement contained in the Ratings and Director Disqualification Bill should that be passed by the House. That process is on-going, with budgets set to be finalised ahead of the next financial year.

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