§ 15. Mr. VazTo ask the President of the Board of Trade if she will make a statement on the Insolvency Service. [49386]
§ Mr. Nigel GriffithsThe Insolvency Service was created as an Executive Agency of the Department of Trade and Industry on 21 March 1990. Its Framework Document defines its status, role, responsibilities and accountability; and the structure within which its work is to be determined, its resources established and its performance assessed. It was last revised and laid before Parliament on 16 March 1998. Its annual report and audited accounts for 1997–98 are due to be laid before Parliament shortly. In February 1996, after an evaluation of The Service's performance against the private sector, it was decided not to contract out the case administration work of Official Receivers.