Jun 7, 2018

Carillion collapse to cost taxpayers £148m

The collapse of construction giant Carillion will cost UK taxpayers an estimated £148m, the National Audit Office has said. Almost all services provided by Carillion continued uninterrupted after the firm's collapse, although work on some construction projects stopped, including building work on two hospitals funded by Private Finance Initiatives, the NAO said. The head of the NAO, Amyas Morse, said the government had "Further to go" in protecting the public interest in cases such as Carillion. A spokesman for the Cabinet Office said the government's priority was to ensure public services provided by Carillion continued to run smoothly and safely. Frank Field MP, who chairs the Work and Pensions Committee, said: "This invaluable report adds new weight to what we found: Carillion hoodwinked the government as they did many others who were so naive as to trust their published accounts."

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