Britain will tear up its bankruptcy laws in a desperate bid to keep struggling business afloat during the coronavirus crisis.
Business secretary Alok Sharka vowed to introduce groundbreaking new measures to protect firms from insolvency. Speaking at a government press conference, he vowed to slash red tape allowing new producers of hand sanitiser to enter the market “in a patter of days”.
He said: "We are also introducing a range of measures to boost the supply of personal protective equipment, such as face masks, to protect frontline NHS staff," he told the press conference in Downing Street. "And we're removing administrative barriers to the production of hand sanitiser. "By reducing the amount of red tape, new suppliers and businesses