Agreed - error on my part, meant pension deficit
https://www.theguardian.com/business/2021/feb/18/philip-green-arcadia-had-510m-pension-deficit-when-it-collapsed
The same reason the great British public are quite happy to see someone like Philip Green swindle millions from pension funds and stash it off shore without paying a penny in tax but will get their knickers in a twist if Mr and Mrs Bloggs up the road are swindling a few more quid on their...