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Old 21st Sep 2019, 07:11
  #863 (permalink)  
ShotOne
 
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Well said. And while it’s clear that government policy, probably rightly, is against helping companies in such situations there are good grounds for an exception here. The demand for extra contingency funding of £200m tacked onto the restructuring at a late stage may cause the very thing it was contingent against, derailing an otherwise viable restructuring. That makes no sense, particularly from a government-owned bank which WAS bailed out with hundreds of billions of taxpayers money. The cost of a recovery operation if needed will be many times this figure. And that’s without considering the wider costs to the economy.
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