questionText: To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of companies closing and subsequently setting up a new similar company, with the result of (a) job losses, (b) workplace bullying and (c) changes to working conditions on employees’ rights.
answerText: The Economic Crime and Corporate Transparency Act 2023 introduced new measures to help combat ‘phoenixing’ - when a director dissolves a company to avoid debts or other responsibilities, to then set up another similar company. The accompanying impact asse...
heading: Conditions of Employment