‘Taxpayers can’t bail out private companies’: Government defends handling of Carillion collapse as Labour calls for ‘serious investigation’
|01/15/2018||Posted by BusinessMediaguide.Com under General World News||
- The government’s handling of the collapse of construction firm Carillion has been criticised.
- Carillion has around 450 public contracts but the government wouldn’t step in to back the company’s £1.5 billion debt pile.
- Transport Secretary Chris Grayling handed Carillion part of a £1.4 billion HS2 contract last summer in the same week as its debt crisis began. This has led to criticism of his judgement.
- “Normal tendering processes were followed,” PM’s spokesman said. “Taxpayers cannot be expected to bail out a private company.”