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.
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