"As a post script, if the government had listened to BGY a long time before and had made moves to modify NETA BEFORE the company went bust then non of the EC accusations of state aid could easily have been levelled. As a result the government would have headed this one off at the pass."
The director responsible should have warned the board and the board should have warned the market that all was not well. If they warned HMG but not the market then that was very wrong imho. Not warning the market sooner was very wrong imho anyhow.
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