loss-making

Under the plan, 115 loss-making branches wholly owned by the Post Office could be closed.

Air India has essentially been “suckered into taking a loss-making airline” in a desperate move, he added.

Financially too, it makes little sense for the Tatas to have two loss-making entities compete with one another.

"Yesterday’s Budget made us a loss-making enterprise," she told the BBC's Today programme, adding Signature's staffing costs would jump by £1.7m.

He was brought in to replace Paula Vennells at a time when the loss-making organisation was facing a crisis of faith as the scale of the Horizon scandal came to light.