Taxpayers to pick up £50m Comet losses


The collapse of the electrical retailer Comet has left taxpayers possibly having to pick up losses of up to £50m - half of which would fund redundancy payments.

Administrators winding down the company have said there is insufficient money to make the payouts to Comet's 6,500 employees.

Emma Simpson reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.