Carillion crisis looms for government as time runs out for refinancing deal

Opposition parties demand to know why ministers such as Chris Grayling continued to hand contracts to failing contractor

The crisis at Carillion threatens to engulf the government as opposition parties question the decision to continue awarding public sector contracts to the services and construction giant when ministers knew it was in trouble.

Whitehall departments are holding emergency meetings this weekend to discuss contingency plans if the Wolverhampton-based firm, which is integral to a raft of public infrastructure projects including HS2 and several major road schemes, is forced into administration.

Continue reading…

Source-Click here