§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry if he will bring forward proposals to prevent banks from liquidating viable firms in such a way as to pre-empt other creditors by early appointment of receivers.
§ Mr. Redwood[holding answer 7 May 1991]The Governor of the Bank of England has warned banks against precipitate action in winding up companies. It is more a matter for the bank than for the DTI.