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.
More top news
The First Lady's masterly performance, combined with Bernie Sanders' impressive speech, saved a convention that was fraying at the edges.
The High Court will hear a legal challenge to Labour's decision to guarantee Jeremy Corbyn a place on the party's leadership ballot.
Russian Foreign Minister Sergei Lavrov brushed aside accusations that Moscow was behind the hacking of internal Democratic Party memos.