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Portrait of the week

Carillion crashes owing £1.5 billion: directors’ conduct is probed

20 January 2018

9:00 AM

20 January 2018

9:00 AM

Home

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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