{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-ddpModified.=2019-08-06T14%3A05%3A07.804Z&hansardHeading=Insolvency", "definition" : "http://eldaddp.azurewebsites.net/meta/answeredquestions.text?min-ddpModified.=2019-08-06T14%3A05%3A07.804Z&hansardHeading=Insolvency", "extendedMetadataVersion" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_metadata=all&min-ddpModified.=2019-08-06T14%3A05%3A07.804Z&hansardHeading=Insolvency", "first" : "http://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&min-ddpModified.=2019-08-06T14%3A05%3A07.804Z&hansardHeading=Insolvency", "hasPart" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-ddpModified.=2019-08-06T14%3A05%3A07.804Z&hansardHeading=Insolvency", "isPartOf" : "http://eldaddp.azurewebsites.net/answeredquestions.text?min-ddpModified.=2019-08-06T14%3A05%3A07.804Z&hansardHeading=Insolvency", "items" : [{"_about" : "http://data.parliament.uk/resources/1686946", "AnsweringBody" : [{"_value" : "Department for Business and Trade"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1686946/answer", "answerText" : {"_value" : "
The Government delivered nearly £27 billion of Business Grant Support during the pandemic and continues to support UK small businesses via a substantial business rates package worth £4.3 billion over the next 5 years. The Energy Bill Relief Scheme protects eligible businesses from excessively high energy bills over winter periods.<\/p>
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The British Business Bank supports 12.4bn of finance through targeted interventions such as The Recovery Loan Scheme and Pay as You Grow for businesses under the Bounce Back Loan Scheme, offering repayment options where required.<\/p>
<\/p>
Additional SME support is available via GOV.UK, the Business Support Helpline and local Growth Hubs.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4931", "label" : {"_value" : "Biography information for Lord Offord of Garvel"} } , "answeringMemberPrinted" : {"_value" : "Lord Offord of Garvel"} , "dateOfAnswer" : {"_value" : "2024-02-15", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-02-15T10:47:28.673Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "214"} , "answeringDeptShortName" : {"_value" : "Business and Trade"} , "answeringDeptSortName" : {"_value" : "Business and Trade"} , "date" : {"_value" : "2024-02-01", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insolvency"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, following reports that corporate insolvencies rose to their highest level in 30 years last year, what steps they are taking to assist companies that are struggling.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL2153"} , {"_about" : "http://data.parliament.uk/resources/1682838", "AnsweringBody" : [{"_value" : "Department for Business and Trade"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1682838/answer", "answerText" : {"_value" : "
While insolvencies have risen in absolute terms, when this is compared to the number of active firms in the economy, the proportion of liquidations is well below previous periods of high insolvency numbers. The Government continues to help businesses with measures such as the Energy Bills Discount Scheme; the frozen business rates multiplier for 2023/24 resulting in bills that were 6% lower; increased 75% business rates relief for retail, hospitality and leisure properties; £1.6bn Transitional Relief, protecting ratepayers facing bill increases and the Supporting Small Business scheme that provides over £500 million in support.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4931", "label" : {"_value" : "Biography information for Lord Offord of Garvel"} } , "answeringMemberPrinted" : {"_value" : "Lord Offord of Garvel"} , "dateOfAnswer" : {"_value" : "2024-01-31", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-01-31T16:04:19.953Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "214"} , "answeringDeptShortName" : {"_value" : "Business and Trade"} , "answeringDeptSortName" : {"_value" : "Business and Trade"} , "date" : {"_value" : "2024-01-17", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insolvency"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, further to recent figures released by the Government Insolvency Service which found that 2002 companies were declared insolvent last month, what plans they have to support companies facing monetary challenges and mitigate the rise in insolvencies.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL1722"} , {"_about" : "http://data.parliament.uk/resources/1662053", "AnsweringBody" : [{"_value" : "Department for Business and Trade"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1662053/answer", "answerText" : {"_value" : "
Measures to hold directors to account already exist. When a company enters administration, the administrator has a legal duty to report to the Insolvency Service on the directors\u2019 conduct. The Insolvency Service may seek the directors\u2019 disqualification where there is evidence of their misconduct, and it is in the public interest. Potential criminal offences are referred to the appropriate authority.<\/p>
To ensure fairness, the law requires that available funds in an insolvency are distributed in a certain order and Government has no current plans to change this.<\/p>
As part of their statutory duties, Insolvency Practitioners must provide necessary information to the Redundancy Payments Service to facilitate the processing of employee claims when their employer enters insolvency.<\/p>
The Government recently announced a strengthening of the Insolvency Practitioner regulatory framework aimed at increasing transparency and bolstering confidence in regulation.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4474", "label" : {"_value" : "Biography information for Kevin Hollinrake"} } , "answeringMemberConstituency" : {"_value" : "Thirsk and Malton"} , "answeringMemberPrinted" : {"_value" : "Kevin Hollinrake"} , "dateOfAnswer" : {"_value" : "2023-10-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-10-18T07:42:48.117Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "214"} , "answeringDeptShortName" : {"_value" : "Business and Trade"} , "answeringDeptSortName" : {"_value" : "Business and Trade"} , "date" : {"_value" : "2023-09-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insolvency"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Business and Trade, whether her Department has made an assessment of the potential merits of (a) introducing measures to hold company directors to account for businesses going into administration, (b) giving employees more security by way of secured creditor status in respect of redundancy payments and arrears of pay, (c) putting in place a statutory duty on insolvency practitioners to pay out outstanding wages and notice pay as the first duty when a company ceases to trade as a result of an insolvency.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4671", "label" : {"_value" : "Biography information for Afzal Khan"} } , "tablingMemberConstituency" : {"_value" : "Manchester, Gorton"} , "tablingMemberPrinted" : [{"_value" : "Afzal Khan"} ], "uin" : "200536"} , {"_about" : "http://data.parliament.uk/resources/1646782", "AnsweringBody" : [{"_value" : "Department for Business and Trade"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1646782/answer", "answerText" : {"_value" : "
Information on company insolvencies is sourced from Companies House, which holds information on companies only, not all business types. Furthermore, the registered office address for a company may not be its trading location, and is often the address of the appointed Insolvency Practitioner handling the case.<\/p>
Subject to these caveats, numbers of company insolvencies in the requested locations were:<\/p>