Vince Cable has denied that the action taken to save failed retailer Comet was too little too late. He said social and economic collapse have also been very significant.
But he has admitted that people would expect the government to investigate what happened after the private equity firm, OpCapita bought the company last year for one pound. The firm will reportedly walk away with up to £50 million.
He adds that there are allegations both significant and serious enough to warrant proper inquiry.
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After ice and snow, a more dry and settled picture across the UK today - but it's still set to be chilly.
Drunks who become abusive in hospital A&Es should be arrested, a leading doctor has claimed.
This was despite more than a fifth experiencing delays of more than three hours, a Which? survey revealed.