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Comet's demise must be "thoroughly investigated"

The last of the remaining Comet stores has now closed down as it emerged that events surrounding the chain's collapse are being examined by the Insolvency Service. The dramatic collapse of the company founded in Hull has cost almost seven thousand jobs.

The Government's facing a bill topping £50 million pounds in redundancy costs and tax which the firm had insufficient funds to pay. Business Secretary Vince Cable MP says a "thorough investigation" is needed.

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