Tony Mitchell
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19th January - Bankruptcy Tourism – Another E.U. Headache
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Right First Time
15th April 2010 10:53
Is it me? The well known phrase of Terry Wogan seems to be more relevant today than ever before.
On 10 March 2010, laid before Parliament was the new Insolvency (Amendment) Rules 2010. Within these new Rules are some fundamental changes that dictate how we do our job which I will not bore you with today, but that is not my point. My point is that two days later on 12 March 2010 we had laid before Parliament the Insolvency (Amendment) (No2) Rules 2010, amending the Amendment Rules presented just two days earlier.
What level of incompetence must exist within our government structure to enable this to happen and what was the additional cash involved to bring into law changes that are allegedly supposed to save an estimated £48m a year in the cost of administering insolvencies?
Without putting a too political point on the subject, this is yet another example of legislation being drafted and issued without proper thought or care; being enacted on the basis that it can either be changed later or “let’s get the Courts to interpret what we really meant, but either way, let’s just get it out the door”.
Will the next government regime be any different? I fear not.
PS: I am sitting on a train writing this and have just passed a Conservative poster pronouncing “Vote for Change” – if only I could.
