Taxpayer faces bill for Comet staff

The collapse of electricals retailer Comet has left the taxpayer facing a £50 million hit, a report from its administrator is expected to show.

As the remaining Comet stores prepare to close for good, the report from Deloitte is likely to indicate that insufficient funds have been raised from the winding down of the chain to pay up to £24 million in redundancy payments to 6,000 staff. This means the Government will probably have to step in and ensure workers receive their payments, the Sunday Times said.
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