§ Sir David Price
asked the Secretary of State for Trade and Industry if he is yet in a position to announce Her Majesty's Government's proposals for dealing with the problem of directors of failed companies who start up new companies in the same field.
§ Mr. Alexander Fletcher
My right hon. Friend hopes to issue a White Paper shortly setting out the Government's proposals for the reform of insolvency law. I cannot disclose details in advance of publication, but there will be proposals to extend the disqualification powers and attachment of personal liability to curb the activities of irresponsible directors.