Carillion another gov bail out?

[melthebell]

it seems they have been fined before for rigging contracts yet still allowed to take on new contracts for the gov http://www.independent.co.uk/news/business/news/builders-fined-pound129m-for-rigging-contract-bids-1791268.html

said it all along, all these businesses are screwing the likes of the government, same with the NHS, people again are moaning about the NHS and foriegners on facebook, NO theres plenty of money its just being kept by the rich AND these big companies are overcharging, same with the drug companies.

Theres been no end of government inititives that get started, and end early or before it gets going, and cost an arm and a leg.

[ricgem2002]

if this company goes bust what happens to the remainder of the pfi contracts ?

[melthebell]

if this company goes bust what happens to the remainder of the pfi contracts ?

bids get put in for other dodgy companies to take them over?

[I1L2T3]

if this company goes bust what happens to the remainder of the pfi contracts ?

 

A lot of people - many no doubt connected to government ministers - will get very rich from ‘rescuing contracts’

 

One thing everybody needs to understand is that in situations like these the elites never lose

 

Nationalise it

[Bob Arctor]

honest question . What can be done about this ? Just let them go bust, owing millions to subcontractors and workers , with an empty pension pot ?

 

Yes, that's how capitalism "works". If you don't like that, stop being a capitalist. Otherwise, nationalise it.

 

---------- Post added 14-01-2018 at 14:44 ----------

 

 

It would be the Torys that do it, as they in power,

 

but isn't this basically the Labour policy too? Merge loads of [failed] businesses together to create a huge failed business?

 

It was, hopefully not in the future.

Edited January 14, 2018 by Bob Arctor

[Cyclone]

The pension pot will of course be covered by the government, but perhaps the directors should be jailed if they've been underfunding it or using it inappropriately... Make it clear to business leaders in the UK that running down the pension fund to keep a business afloat is illegal and will actually result in punishment.

[Bob Arctor]

The pension pot will of course be covered by the government, but perhaps the directors should be jailed if they've been underfunding it or using it inappropriately... Make it clear to business leaders in the UK that running down the pension fund to keep a business afloat is illegal and will actually result in punishment.

 

Or even better, executed.

[ANGELFIRE1]

Worked on railways for carrillion got payed 12 hours a shift regardless of how long we were on site sometimes 10 minutes lol no wonder there skint

 

Almost as good as the NCB. When my oppo was on "inspection" duties he went down the hole, had a good look round, came out and pocketed 3 full shifts worth of brass for his efforts.

 

Angel1.

[ukdobby]

Almost as good as the NCB. When my oppo was on "inspection" duties he went down the hole, had a good look round, came out and pocketed 3 full shifts worth of brass for his efforts.

 

Angel1.

 

That's why they shut down.

[area 51]

Is Sir Philip Green still the chairman?this needs an investigation who's been paid what.

 

I think it was another Philip Green who was ceo of Carillion,must be a name thing.