image copyrightPA MediaThe government has told business leaders it will take a “cautious approach” to firms that owe it money in the wake of the coronavirus pandemic.
The message came in a letter from Business Secretary Kwasi Kwarteng to the Institute of Directors and R3, which represents insolvency firms.
In the letter, first reported by the Financial Times, he said enforcing insolvency would remain a last resort.
The government has spent billions protecting the economy from Covid.
As part of these efforts, measures preventing firms from being wound up if they fall into insolvency have been extended until the end of September.
However, it is feared some c…
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