HC Deb 26 November 1997 vol 301 c572W
Mrs. Ballard

To ask the President of the Board of Trade what estimate her Department has made of the proportion of British companies that will go bankrupt as a result of the year 2000 virus. [15205]

Mrs. Roche

[holding answer 11 November 1997]: I have made no such estimate. Businesses which take appropriate action now are unlikely to become insolvent as a result of this problem, but the longer a business with a serious problem delays the greater the risk it runs. That is why the Government has recently launched the Action 2000 initiative under the chairmanship of Don Cruickshank.