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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This report reveals a culture of collusion concealment and protection within a church that put its own reputation before abuse victims.
Sexual abuse by a bishop against young boys was hidden for years because the Church of England "colluded", Justin Welby has said.
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