L

Lord Browne of Ladyton (Lab)

Speaking in the House of Lords on 10 June 2025

Debate

Corporate Liquidations

Contribution

My Lords, is my noble friend aware that in the 2024-25 financial year, the Insolvency Service disqualified more than 1,000 company directors? Of those, a significant proportion—736—were banned for abusing the Covid-19 Bounce Back Loan Scheme. Additionally, there were 131 individuals subject to bankruptcy restriction orders, with 87 of them also linked to the misuse of Covid-19 loans. How many businesses had to wind up because of those facts?

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