moral hazard

so what if they go into admin? They clear debts, avoid some tax, take a 10 point penalty and start again. New banks will lend, new suppliers will work with them.

It'll be a short term blip for them, and in a few years they'll most likely be in roughly the same place they would have been had they not taken the gamble.

They gambled and lost, and it will be painful, sure. But until the pain of losing outweighs the potential gains of £160m+++ they will not be the last to try it.

And it's us mugs that subsidise it all through HMRC being shafted, and suppliers/banks/insurers recouping their losses through increasing costs on everyone else.

Posted By: CWC, Jun 6, 12:41:41