Quote:
Quote from the Independent:
Carillion’s collapse will cost taxpayers at least £148m, with the true bill expected to be higher, the public spending watchdog has found.
The National Audit Office said the final cost to the public purse of the company’s collapse could take years to establish.
The NAO found that huge losses revealed by the engineering giant in July 2017 came as a surprise to the Cabinet Office.
That month, the Cabinet Office began contingency planning for the possibility that Carillion – one of the government’s key strategic suppliers – might collapse.
But almost two-thirds of government departments did not provide details on their preferred options for contracts with Carillion in the event that it went bust.
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Looks to me like a lot of civil servants deserve a good kick up the backside over this debacle.
But as usual the tax payer picks up the tab.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
