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Chancellor Rachel Reeves announced funding boost for the Insolvency Service
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The government will invest £25 million over the next five years to enable the Insolvency Service to disqualify more rogue company directors
The Insolvency Service has welcomed news in the Budget that the agency will receive an extra £25 million over the next five years to help it tackle rogue directors.
The funding announced by the Chancellor today will fund a new Abusive Phoenixism Taskforce which will be staffed by 50 people investigating suspicious company insolvencies.
The service’s Director of Investigation and Enforcement Services, Dave Magrath, said:
This is welcome funding which will help the Insolvency…