I know some of the issues for Carillion stem from Middle East clients not paying on time.
Carillion Qatar is owed hundreds of millions from services rendered two an three years ago for example.
Estates staff were TUPE'd to Carillion as part of the contact. Stinks.Coincidence?
Chris Grayling appointed Justice Secretary in 2012
First job is to be involved in a "Prison benchmarking programme" where staff were reduced from about 23,000 in 2012 to about 18,000 in 2015
After a Prison enquiry it was decdided savings and staffing shortages had made "a significant contribution to the deterioration and safety" in prisons.
Carillion awarded Prison contract in 2015
Grayling gets a sideways move in 2015
Grayling then lands the Transport Secretary's job in July 2016
Carillion awared HS2 contract in July 2017
Like i say, coincidence?
Anytime, even if still at the company you’re accruing benefits with.Can this be done whilst still working or can it only be done after 55?
Sadly not mate. No underwriter will touch that in the M.E.I would have thought they could have got cover for that.
If my aunt had bollocks, the government awarding Carillon further contracts in 2016 and 2017 would have been enough to prevent them folding and would have saved thousands of jobs. And she'd have been my uncle. Things don't always go to plan.well.... thats your view. I am not entirely sure that when Carillion goes bust is the main point though. If, instead of trying to prop up a failing private company with public money - our taxes - they let it go bust say this time last year is the suggestion that was somehow worse? Profit warnings were being issued and still Grayling and the like funnelled contracts (money) their way - its not as if the Carillion directors could be telling him something different is it? Like "ignore those profit warnings Chris. We issue them to show how well we are doing". How is it acceptable for a free market thinking government to use public money and intervene in the market totally contrary to their supposed principles?
Think you will find that (a) serial protesters were moaning a long time before Carillion's failure using foresight not hindsight (b) the facts about the pension deficit and the state of the company were well known and (c) I agree they have no responsibility for it - it should lie with the company directors, not our Govt who tried to prop up a failing firm.
Why didn't Boris as foreign secretary have a word in Qatar's shell like and ask them to pay up what they owe Carillion so we didn't have to shovel contracts to them? Why didn't Mayday do likewise if the Gulf States are such staunch allies? And why didn't the government listen to all the siren voices and award contracts elsewhere allowing a controlled manage down of Carillion to a smaller profitable enterprise or to a controlled close down?
Did you see dianne abbott commenting on Carillion.
She said “ how much is a carillion? , is it more or less than a billion?”
Sadly not mate. No underwriter will touch that in the M.E.
Not sure Carillion Qatar LLP are classed as providing an export to be honest mate.Isn’t there a Govt backed insurance scheme that covers non payment on exports for certain high risk countries? Export Credit Agency or something like that. Or possibly I’m remembering it or it’s function incorrectly.
...
Corbyn's stance is typically hilarious however: We shouldn't have been handing government contracts to Carillion (which would probably have seen them go under sooner) and now they have gone under, we have not done or are not doing enough to keep them afloat. The man is of course a buffoon.