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Carillion, the construction and service-provider with 20,000 employees and many contracts for the public sector, went into liquidation with debts of £1.5 billion, owing 30,000 businesses £1 billion. The government said it would pay employees and small businesses working on Carillion’s public contracts ‘to keep vital public services running rather than to provide a bailout on the failure of a commercial company’, as David Lidington, the minister for the Cabinet Office, told Parliament.
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