https://www.theguardian.com/business/2018/jan/10/government-carillion-collapse-contingency-plans
Can we see where that is headed? unfortunately I think we can.
They will get shot of pension liabilities (so screw most of the staff), and then bits of the Group will rise phoenix-like from the ashes, trebles all round (as Private Eye might say) and mahoosive bonuses for the senior muppets whose mismanagement caused it.
The reward for failure in these days of the Maybot being loads of dosh. Privatisation = croney capitalism. Carillion is a PFI contractor, i.e. one of those leeches sucking way too much taxpayer money out of essential public services like the NHS.
Carillion should be allowed to fail, their Directors pursued and their PFI contracts declared null and void. But with a Tory govt, that ain’t gonna happen. Which is the very definition of croney capitalism - the private sector gets loads of taxpayer money and take on no risk.
Cynical? Moi?