Lots of interest in the placing of PPE contracts with dormant companies (ie the below, today, for £43.8m). I see this as part of a pattern of groups choosing to put PPE contracts into entities with limited or no assets. https://ted.europa.eu/udl?uri=TED:NOTICE:410318-2020:TEXT:EN:HTML&src=0">https://ted.europa.eu/udl...

Lots of examples, including putting contracts in the weakest entity in the group, in a Newco, establishing a new Holdco to hive assets up to, and so on.

Makes a lot of sense looked at through the eyes of the Group: if (like many of those Government has contracted with) you don& #39;t really know what you& #39;re doing, you get to both stand in line whilst Government hands out public money and limit your exposure to the risks of doing so.

But it makes very little sense for *us*.

Here I explained why Government was (I think) *mad* to buy £32m of coveralls - which all the objective evidence suggests were unlikely to be usable - from an entity which was to all intents and purposes asset-less. https://twitter.com/JolyonMaugham/status/1299388199555522561?s=19">https://twitter.com/JolyonMau...

It& #39;s pretty clear Government had no idea what it was spending £32m of our money on. And if what it got was unusable, what then? How will it get its money back from an essentially valueless company?

Such a pity the BBC has lost interest in covering these stories. I imagine Lord Reith envisaged a broadcaster that focused more on the vital role given to the Fourth Estate in a democracy than on carrying right-wing light entertainment.