Detail of outcome
Government has considered these issues that have been raised in the consultation responses and Government officials have met with a number of stakeholders to discuss how best to address these concerns.
The Government’s response can be found at www.parliament.uk by way of a Written Ministerial Statement.
Detail of feedback received
Most respondents expressed their support for the broad objectives of the proposals, with some commenting on how they considered the safeguards could be strengthened.
Powers taken in the Enterprise and Regulatory Reform Act 2013 enable the Government to build upon existing legislative provisions contained within the Insolvency Act 1986 relating to the protection of supply of essential utility services for insolvent businesses.
This consultation seeks views on the exercise of those powers, with a view to ensuring insolvency practitioners are more effectively able to rescue viable businesses.