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Lehman moment ?
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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!
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so it's not just carillion in debt then
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Too many eggs in too few baskets.
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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 |
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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.
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Awarded 1.4bn HS2 contract 7 (seven) days after profit warning / 70% collapse of share price. Same old
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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
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