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 that produce ingredients for safe hand sanitiser will be able to bring their products to market in a matter of days."
Mr Sharma said that workers can now defer their annual leave for another two years.
He added: "This will protect staff from losing out, w
Woman who mocked coronavirus social distancing diagnosed with Covid-19
hile providing businesses with flexibility when they need it most."
Since its outbreak in Wuhan, China, there have been more than 600,000 cases and over 28,000 deaths.
In the UK, there have been 759 deaths with more than 15,000 cases.
Police urge Brits to snitch on neighbours breaking coronavirus lockdown
It has been a week since the Prime Minister shut all pubs, clubs and restaurants and urged people to stay home to save lives and protect the NHS.
He told Brits on Monday “the time had come” for stricter measures and ordered all citizens to stay home unless absolutely necessary.
Under the measures, Johnson said Brits are only permitted to leave their homes for daily exercise, to seek medical care or shop for essential items.
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