MPs fear taxpayer will be left on hook for Bulb sale

A heavyweight Parliamentary committee has raised concerns over the amount of taxpayer money used to facilitate the sale of Bulb to Octopus. In particular, the Public Accounts Committee (PAC) warns that there are “substantive risks” about Octopus’ ability to pay back around £3 billion of taxpayer money used to cover the cost of placing Bulb in a Special Administration Regime. Consequently, the PAC has warned that consumers could ultimately be saddled with any unrecoverable costs.

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