Inquiry into failed firm

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BUSINESS secretary Vince Cable has said an inquiry could take place into the collapse of delivery firm City Link.

Speaking in the commons shadow business secretary Chuka Umunna criticised the ‘appalling’ situation which saw more than 2,300 workers, including 80 in Fareham, lose their jobs on New Year’s Eve and called for an inquiry.

Mr Cable, who was criticised for a lack of action to prevent the company going into administration last month, said an inquiry would depend on the result of an investigation by administrators Ernst & Young (EY).

He said it was a ‘very sad and dispiriting event’ and an inquiry could be launched once EY filed their official report.