the chairman of the bank has said he is truly sorry for taking the company to the brink of bankruptcy. credit suisse was taken over last month by its rival, ubs, in an emergency deal backed by the swiss government. shareholders were not consulted about the takeover. let s go live now to switzerland and speak to our correspondent, imogen foulkes. it is interesting if you eat so what has come out of this meeting, the boss they are apologising and also a collapse entirely would have been bad news for the country and therefore this was the least bad option. therefore this was the least bad 0 tion. . , , therefore this was the least bad otion. . , , ., option. that is right. it s a blustery option. that is right. it s a blustery day option. that is right. it s a blustery day in option. that is right. it s a| blustery day in switzerland option. that is right. it s a - blustery day in switzerland but there is a tornado of anger blowing through credit suisse s agm. it is tru
in tax actually pensioners may be caught up in tax whereas before april they haven t in tax whereas before april they haven t been. in tax whereas before april they haven t been. there is a question here that asks haven t been. there is a question here that asks will haven t been. there is a question here that asks will be haven t been. there is a question here that asks will be voluntary i here that asks will be voluntary national insurance class two contributions be affected? there are two changes contributions be affected? there are two changes coming contributions be affected? there are two changes coming in contributions be affected? there are two changes coming in effectively, l two changes coming in effectively, one is for workers and that is the one is for workers and that is the one that will take effect tomorrow, this cut in class one national insurance contributions. but there is also changes for 2 million people who are self employed but they don t take eff
another knock to that swiss image of responsibility, probity, careful with money because pert credit suisse to end up like this, they clearly haven t been. suisse to end up like this, they clearly haven t been. good to talk to ou clearly haven t been. good to talk to you and clearly haven t been. good to talk to you and thanks clearly haven t been. good to talk to you and thanks for clearly haven t been. good to talk to you and thanks for following i clearly haven t been. good to talk. to you and thanks for following that agm for us. it looks beautiful there in switzerland. richard branson s virgin orbit has filed for bankruptcy. the satellite launch company failed to secure the long term funding needed to help it recover from a january rocket failure. last thursday, the company, which is based in california, sacked 85% of its staff, leaving just 100 employees to run what was left of the company. let s speak now to the space writer nick spall, who s a fellow at the royal astronom