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Orders of the Day — Reduction of Redundancy Rebates Bill

Part of the debate – in the House of Commons at 12:00 am on 7th February 1977.

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Photo of Mr John Page Mr John Page , Harrow West 12:00 am, 7th February 1977

Does the hon. Gentleman think that a firm is continuing to trade apparently up to the last moment that it can legally do so under the solvency rules because, first, it wishes to keep its employees going and, secondly, because it is too afraid to create redundancies because of the additional cost of cash flow that that will immediately introduce? That is a possibility.