2020-03-28 18:01:45 Subscribe to the Evening Standard on YouTube: https://www.youtube.com/channel/UC7RQon_YwCnp_LbPtEwW65w?sub_confirmation=1

UK bankruptcy laws will change in order to help struggling businesses stay afloat during the coronavirus pandemic, Business Secretary Alok Sharma has announced.

Speaking at the daily Covid-19 press conference on Saturday, Mr Sharma announced a host of new measures to help boost productivity and save businesses amid the outbreak.

He announced changes to insolvency rules to allow firms “greater flexibility as they face the current crisis”.

It comes as businesses across the country struggle to stay afloat after the Government announced a nationwide lockdown on Monday, ordering all Brits to stay at home.

Read more: https://www.standard.co.uk/news/uk/uk-bankruptcy-laws-coronavirus-change-alok-sharma-a4400611.html