© 2020 – 2024 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
Image default
News

Boss of collapsed Bulb Energy criticised for £250,000 salary funded by taxpayers

Labour MP asked if it was ‘morally justifiable’ for taxpayers to be funding salary of Hayden Wood

The boss of collapsed company Bulb Energy has been criticised for continuing to draw a £250,000 salary, funded by UK taxpayers.

Once the seventh-biggest energy supplier, Bulb was effectively nationalised in November 2021 after collapsing amid the surge in global energy prices. That left the taxpayer with a potential bill of up to £3bn, making it the biggest state bailout since the collapse of the Royal Bank of Scotland in 2008.

Continue reading…

Related posts

‘Be bold’: Liz Truss lays down gauntlet to Rishi Sunak in final speech as UK prime minister

AEA3

Nikki Haley vows to fight on after Trump’s victory in New Hampshire – US politics live

AEA3

UK weather: ‘thundersnow’ to fall from Thursday, warns Met Office

AEA3