Legislative Reform

I do not propose to go over all the exchanges between officials on this matter. I believe that dialogue did take place, and my concern is to ensure that the savings identified in this order, taken in the context of the wider changes to insolvency rules that we propose, are made. I believe that these savings will make a difference to creditors, who are already having to cope with the losses that they face from insolvent businesses. The order will give liquidators and companies greater freedom to target their advertising as effectively as possible, either through local newspapers or elsewhere. It is incumbent on us, particularly during an economic downturn, to do what we can to help business. Given the comments that have been made about the charges and the fixed costs involved in this process, it is incumbent on us to try to increase the pot that is available to creditors. That is the motivation behind the order, and for that reason I commend it to the House. I hope that the House will side with those proposals today.