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
Twitter has unveiled a change in its policies to expand the site's powers to deal with abusive behaviour.
The mother of a 21-year-old woman who died after taking potentially toxic diet pills has warned others to avoid using the drugs.
It's a case of mistaken identity as the actress is forced to differentiate himself from an Irish activist sharing her name