Carillion
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Carillion’s collapse in UK and the East Coast bailout: What would ending the “Private Financial Initiative rip-off” entail? By Jean Shaoul
In a YouTube video, Labour leader Jeremy Corbyn described the collapse of Carillion, the UK’s second largest construction company, as a “watershed moment,” a signal it is “time to put an end to the rip-off privatisation policies that have done serious damage to our public services and fleeced the public of billions of pounds.” Continue reading
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UK: The political lessons of Carillion’s collapse By Julie Hyland
The jobs, wages and pensions of tens of thousands of workers along with vital public services are in danger, following on the collapse of Carillion into liquidation on Monday. Carillion employed 20,000 workers in the UK and 23,000 overseas. It went into compulsory liquidation with more than £2.2 billion debts, of which an estimated £800… Continue reading