Quote:
Originally Posted by Kizzy
Thank you Joey, I fully expect some irrelevant nit picking as like you say it avoids confronting the real issue.
The tax payer will pick up the tab for these failed projects to the tune of £200 billion, how is there a defence for that?
|
Absolutely.
When a government puts its obligations to the public on limited companies and allows companies like Carillion to put its snouts in the government trough, the long term costs are this. And whilst the government has allowed Carillion to hit the wall, it still has to service the debt or rather the public do for of lost pensions, unemployment and the loss of provisions.
I think we can safely predict this to be the first of many. I’ll hedge my bets that the next to hit the wall will be a big retailer. Look out for the 1st of April when quarterly rents are due.