MPs launch inquiry into $500m OneWeb satellite 'gamble'

MPs will launch an inquiry into the Government’s decision to spend $500m (£400m) rescuing a bankrupt satellite company amid concerns it represents a “gamble” with taxpayers' money. Darren Jones, chair of the Business Select Committee, announced a probe into the deal, in which the Government will take a 45pc stake in the firm as part of plans to build a new global navigation system. Mr Jones said: “Now more than ever, the Government needs to ensure that it’s sp