R3's Response to Mr Darling's CVA announcement - "R3 welcomes Budget's support of business rescue culture."
R3 have sent out a press release (helpfully including their entire press release distribution list?!) responding to Mr Darling's budget statement on CVAs. For a more in-depth analysis of the benefits of CVAs to the rescue culture see my articles (one and two). Here is the substance of the press release from R3. I have made a number of notes throughout IN BOLD and in [square brackets]: