A partner at Newcastle-based Hay & Kilner has called on the Chancellor to announce measures which would improve and reinforce the country’s corporate insolvency framework.
Neil Harrold, who is also chairman of R3 in the North East, has stressed that with the latest official figures showing a 15 per cent year-on-year rise in the number of corporate insolvency cases across England and Wales, the need to improve the situation has “never been more pressing”.
“We have one of the world’s best insolvency and restructuring frameworks, and it helps to attract both businesses and investment to the UK by ensuring companies’ financial difficulties can be resolved quickly and effectively,” he sai…
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