A committee report says the government has not set out how British Steel will become profitable.
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There are ‘insufficient funds’ to pay unpaid wages, tax owed to HMRC and overdue bills, accountants say
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The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
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Rolling coverage of the latest economic and financial news
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The failure led to more than 2,000 flights being cancelled and hundreds of thousands of passengers affected.
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Administrators say about £489,000 was owed for staff wages and holiday pay and £2.4m was owed to HMRC for unpaid VAT.