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Cable orders inquiry into Comet failure

Comet - Some rights reserved by ell brownThe Guardian reports:

The business secretary, Vince Cable, has ordered an inquiry into the collapse of high street electricals chain Comet after the government was left with a £50m bill in unpaid taxes and redundancy costs.

The Department for Business, Innovation and Skills (BIS) confirmed that the Insolvency Service had begun a “fact-

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  • User AvatarMatthew Huntbach 31st Oct - 2:08pm
    RC Those who want to tax London even more than it is taxed at present need to answer why those with modest standards of living...
  • User AvatarT-J 31st Oct - 2:08pm
    Both are correct. It is inhuman and discreditable that people who could be saved are being left to drown for the convenience of the well-off...
  • User Avatarbenj 31st Oct - 2:00pm
    The rental value of land in London and the SE is about £100bn per year more than these regions pay in taxes. This subsidy goes...
  • User AvatarGareth Epps 31st Oct - 2:00pm
    Well said Chris. It is incoherent to propose the slashing of the local government budget including social care at the same time as its integration...
  • User AvatarMatthew Huntbach 31st Oct - 1:59pm
    Dav But this is not the case in London: there is a finite amount of land within the M25, and it is pretty much all...
  • User AvatarDav 31st Oct - 1:55pm
    A house that I was lucky enough to be able to buy 22 years ago for around £100,000 will now sell for six times that...