Government COBRA meeting tonight on Carillion

The fact that the Government is meeting to discuss the demise of a commercial company tells you everything about the mess we  are now in. Privatised profit; socialised losses. What a wheeze!

so it's not just carillion in debt then

Too many eggs in too few baskets.

another phillip green another pension black hole


seems this phillip green is one of theresa mays advisors


not that that would be a reason so many contracts were awarded to them

Not surprised. Having worked on several Carillion contracts for (what was then) the Highways Agency, I can confirm that they were consistently delivered late and over budget.

Awarded 1.4bn HS2 contract 7 (seven) days after profit warning / 70% collapse of share price.  Same old

twas ever thus companies putting low bids in hoping they can put invoices in at a later date for higher material costs,back charges etc,but in the age of austerity the government playing hardball with all these companies