If Sheffield Forgemasters were willing to dilute their equity, why didn't they just do it?
Credit has eased a lot since the credit crunch, though still not enough. If Sheffield Forgemasters can't convince a bank to fund their loan, why should the taxpayer take the risk?
Jack Straw was rubbish. The Speaker is awful too. Clegg did OK but not brilliantly - he didn't answer the questions about Forgemasters, though he should have been able to.
Disappointing all round, I think. Still, good to hear that child detention is going to stop!