Palmer & Harvey paid out more than £70m in cash as debt racked up

Details are here but the key is public perception. How many more times are directors going to be able to take out huge sums from businesses they seemingly have little regard for? Philip Green couldnt care less about the future of BHS and even more disgracefully, the health and security of their pensioners, so long as he could buy another yacht. P and H directors just kept paying themselves huge dividends whilst they just let the business slide into collapse.

So why does this matter?

It matters because there are those waiting in the wings who despise all private enterprise and will gladly exploit dissatisfaction and lack of trust from the public. If the private sector and their cheerleaders wish for it to thrive then there has to be some reform to prevent these seedy events repeating over and over again