Home Business Carillion Collapse Fuels Nationalisation Debate

Carillion Collapse Fuels Nationalisation Debate

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LIVERPOOL, Sept. 25, 2016 (Xinhua) -- Leader of Britain's main opposition Labour Party Jeremy Corbyn attends the Labour Party Annual Conference in Liverpool, Britain, on Sept. 25, 2016. The Labour Party Annual Conference is held in Liverpool from Sept. 25 to Sept. 28. (Xinhua/Han Yan/IANS) by .
Leader of Britain's main opposition Labour Party Jeremy Corbyn (Xinhua/Han Yan/IANS)

The collapse of Carillion causing disruptions to major infra-structure projects like HS2 and day to day services like school meals will fuel the nationalisation campaign….reports Asian Lite News

LIVERPOOL, Sept. 25, 2016 (Xinhua) -- Leader of Britain's main opposition Labour Party Jeremy Corbyn attends the Labour Party Annual Conference in Liverpool, Britain, on Sept. 25, 2016. The Labour Party Annual Conference is held in Liverpool from Sept. 25 to Sept. 28. (Xinhua/Han Yan/IANS) by .
Leader of Britain’s main opposition Labour Party Jeremy Corbyn (Xinhua/Han Yan/IANS)

“What’s happening with Carillion yet again shows the perils of allowing privatisation to run rampant in our schools, our hospitals and our prisons says union,” a statement from the trade union forum GMB said.

“The fact such a massive government contractor like Carillion has been allowed to go into administration shows the complete failure of a system that has put our public services in the grip of shady profit making contractors,” said Rehana Azam, GMB National Secretary. “The priority now for the Government and administrators is making sure kids in schools still get fed to day – and our members still have jobs and pensions.

“There is no place for private companies who answer to shareholders, not patients, parents and service users in our public services.

“What’s happening with Carillion yet again shows the perils of allowing privatisation to run rampant in our schools, our hospitals and our prisons.”

Labour Leader Jeremy Corbyn and Chancellor John McDonnell are calling for the nationalisation major services including Royal Mail, Railways, water and power companies. The collapse of Carillion causing disruptions to major infra-structure projects like HS2 and day to day services like school meals will fuel the nationalisation campaign.

LONDON, June 8, 2017 (Xinhua) -- Leader of Britain's main opposition Labour Party Jeremy Corbyn (Front C) walks to the polling station in London, Britain on June 8, 2017. (Xinhua/Richard Washbrooke/IANS) (lrz) by .
Leader of Britain’s main opposition Labour Party Jeremy Corbyn (Front C) walks to the polling station in London, Britain (Xinhua/Richard Washbrooke/IANS) (lrz)

The collapse of Construction giant Carillion put thousands of jobs across the world. The delay in payments from the Middle East, the government’s failure to guarantee the creditors besides losing money on big contracts caused the collapse of Britain’s second largest construction company.

It is the second biggest supplier of maintenance services to Network Rail, and it maintains 50,000 homes for the Ministry of Defence.

Carillion chairman Philip Green said it was a “very sad day” for the company’s workers, suppliers and customers. The company has 43,000 staff worldwide – 20,000 in the UK.

 

 

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