Directors
The question
To ask the Chancellor of the Exchequer, what steps she has taken with Cabinet colleagues to help tackle rogue company directors.
Answered by Dan Tomlinson
I commend the Honourable Member for his relentless work on this issue, and I share his concern, because communities like Portobello Road and Notting Hill Gate should be places where legitimate businesses thrive, not where rogue traders and repeat directors play the system.
Since Budget 2025, action against rogue directors and abusive phoenixism has been stepped up.
£25 million over five years has been allocated to the Insolvency Service to establish a new Abusive Phoenixixm Taskforce, alongside changes to the Company Directors Disqualification Act to widen the circumstances in which directors who break the law can be disqualified.
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