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

To ask Her Majesty’s Government what assessment they have made of the impact on the UK economy of the non-applicability of the European Insolvency Regulation following the UK's withdrawal from the EU.

Departments are undertaking analysis to understand the impacts that withdrawal from the EU will have on businesses and consumers. This analysis will include engagement with as many organisations, companies and institutions as possible. This will allow the Government to understand the impact that withdrawal from the EU will have on businesses and consumers, and to seize the opportunities of leaving the EU.

The Government remains committed to making Britain the best place in Europe to own and grow a business. That includes supporting those businesses that trade with the EU and wider international markets, as well as continuing to encourage record foreign direct investment that supports business and communities up and down the country.