I'm all for a free market economy. If these firms have not given any thought to future sustainability, then why should they receive hand outs from the state.
Should they not just be sold privately for anyone who wants to take the debt on with the sprit of capitalism at the forefront of this thinking, or taken into public ownership at whatever fire sale price the administrator could get from the Government?
After a while, the businesses would become a viable again, and then be sold by the government at a profit or kept on being run by the Govt at a profit.
Absolutely fuck the shareholders.
UK government to cap gas and electricity costs for businesses, charities and public sector from October.
www.bbc.co.uk