Who's to blame for debts?
20th August 1992, Page 41
20th August 1992
Page 41
Page 41, 20th August 1992
— Who's to blame for debts?
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Surely all the wrong signals were sent out by your article regarding Malcolm Harrison's re-emergence from receivership owing a cool £3.9m (CM 6-12 Aug). He clearly blames everyone else for the failure of the business but I am amazed that he can acquire adequate finance to set up again so soon. Is it one of the major banks who is prepared to back him? To call this the act of an entrepreneur is a matter of opinion. I would call it a classic case of: 'If you owe the bank £10,000 you've got a problem, but if you owe the bank 2.3.9m it's their problem.'
To all you out there who have the nerve, carry on regardless.
Peter Barrett PC] Barrett Top Road Haulage, Market Rosen, Lincs.
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Malcolm Harrison, Peter Barrett