Carillion crumbles under debt pile: who’s to blame?

Construction giant received £2bn in government contracts despite three profit warnings

170713_Carillion
Carillion employs around 20,000 people in the UK alone

The construction company Carillion has collapsed under a £1.5bn debt pile after failing to reach a rescue deal with the Government.

Carillion filed for compulsory liquidation today, raising questions about the fate of the firm’s 43,000 employees - 20,000 of them UK-based - and stoking criticism of the Government’s decision to award contracts to Carillion despite repeated profit warnings.

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