Billy Boy - a small point... but still...
Before PPP this company was is an extrememly healthy financial state. All our creditors were paid well within time and the government got a nice little return from the profits of a "non profit making company"
In one day you land that company with £800m of fresh new debt and there's not really any way of avoiding a struggle. So in that sense I don't think management can be blamed for mis-managing the finances... although they CAN be blamed for rolling out the red carpet to the government and trying to convince us all it really was a good idea!!
