Comet collapse leaves £50m bill for government to pick up

Deal agreed to cover unpaid tax and redundancy costs for electronic retailer’s 6,600 staff who have been left joblessThe government will take a £50m hit from the collapse of Comet, in the form of unpaid tax and redundancy costs it has agreed to pay the 6,600 staff left jobless after the collapse of the electronics chain.Administrators Deloitte will publish a report on Monday detailing the decline of the 236-branch chain, which collapsed under £200m of losses at the beginning of November. The report will show that Comet racked up more than £30m of losses in the five months Full Story Comet collapse leaves £50m bill for government to pick

Full Story Comet collapse leaves £50m bill for government to pick up

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