Coming at this from a different angle, the sheath on a T&E cable is there for environmental protection, its purpose is to resist what the cable may be subjected to in normal storage and installation conditions, the fact it also has insulating properties is mostly for redundancy.
The copper itself has an insulating sheath which is designed for the primary purpose of insulation, it may also posses many of the qualities of the sheath too but this can change dramatically when you look into specialised cables.
The fact that the earth in T&E has no basic insulation in itself should suggest it cannot be utilised as a functional live conductor, simply dressing the ends is not adequate because you assume and rely on the fact the sheath is designed to the exact same properties of that of the insulation of the other cores, this is of course ignoring other obvious issues like difference in csa etc.
I can understand reaction to such a question as it would seem very strange not to realise it is a definite no no, but we all start somewhere and if we don't ask what may seem a very basic question to seasoned sparks then we hinder the next generation from becoming fully knowledged and competent trade persons.
The opening question to be fair expressed the understanding it wasn't safe but was only asking for other reasons, maybe he was asked this very question and on thinking about a reply wondered if there was a better way to explain or show why it is indeed a no no.